FTNT
FTNT BUY OR LONG , TARGET UP TO $175FTNT Confirm the completion of the "Falling wedge " pattern, however, the target of the wedge is $152, but
this is the continuation pattern to complete the target of the "Cup and Handle" (Gap = Handle).
The final target is goblet height and it's at $175.
FTNT buy : $136 - $137
FTNT target 1 : $152
FTNT target 2 : $175
FTNT stop loss : 5%
Wish you a good deal!
Fortinet earnings alertLooking at a daily chart from a technical perspective, the stock remains bullish as an uptrend is starting to take shape. In the short-term, prices have been in a consolidation zone between $152 and $121 since the last time the company reported earnings. Look for a break in either direction. A break above the consolidation at $152 would call for a resumption of the uptrend towards a measured move target of $182.50.
Cybersecurity massive volume!On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a single trade into BUG.
10sma towards the $19 range shows short-term support.
Top-10 Portfolio holdings by weight:
OKTA (8.4%)
FTNT (8%)
ZS (6.93%)
Trend Micro Inc (6.09%)
CHKP (5.69%)
NLOK (5.63%)
QLYS (5.61%)
PANW (5.23%)
AVST (4.89%)
PFPT (4.79%)
Total % weight: 61.26%
$FTNT: Next Short Target is $120First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, let me get into a few points. Looking at past correlations and their date ranges, plus the current neutral views on FTNT ratings and the fact that earnings are expected to grow for the call in 3 days, I expect a short target of at least $120 for a quick profit to be quite reasonable with manage-ably low risk.
FTNT! Here we go again!!! I am so shorting you again!!!Hello Traders :)
Previously we managed to get an amazing short and we believe the TREND of FTNT NASDAQ:FTNT is still going-down we wrote two ideas and this is our third idea about the company!!! Below is the history...
In our first idea and position, I managed a short from 92$ and reached a 68$ achieving 35% gain.. (please check the idea below)
However, due to the fact that we believe the general trend is going down, we decided to keep our position. I identified a new loss stop at 81$ in which the price reached and we exited. (please check the idea below)
I come back again today and I say there is a possibility of continuing the down-trend. . and we will be making a new entry as below
Happy Hola Freaking Trading Everyone ;)
FTNT - We are still holding our short position :) Hello Traders,
If you refer back to my previous analysis about NASDAQ:FTNT , then we are having a strong position from 92 USD and we are still holding our position. As explained in the chart, we will only close our position and go long if the price higher than 79 USD. We wait and watch :)
Happy Trading :)
FTNT Fortinet Prediction a little bit of buying pressure has come back as i write this but my prediction is that it continues to fall through december and get closer to the .5 - .618 zone
previous cycles needed more time for the indicators to show oversold, and I predict the same thing will play out here
sorry for the grammer, my fingers are cold
FTNT (Fortinet, Inc.) Chart AnalysisPrice has broken out once more on July 12th. Ideally, we would like to see price continue to the upside towards $70, followed by the figure 100.
This is a stock that I've been watching for a couple months now, and has been gaining bullish momentum despite overall market conditions. Price found very strong support @ $61, before the bullish momentum that resulted in the breakout. This signals a good indication of further strength.
Price is trading above the weekly and daily 200SMA, giving us a bullish bias on this pair. I will be watching closely to see what price does next.
FTNT - Downward channel breakdown trade from $32 to $36 & higherFTNT is seems a good momentum pattern. It also running within a downward channel. Now of if it breaks out it can go all the way up to 36 & higher
Trade Criteria
Entry Target Criteria- Break of $32
Exit Target Criteria- $36 & Higher
Stop Loss Criteria- N/A
You can check detailed analysis on FTNT in the trading room/ Executive summary link here-
www.screencast.com ( Access only for the subscribers)
Time Span- 1:4:0"
Trade Status: Pending
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