Fortinet trading rangesTrading range between 122 and 150.
Current price is near the 122 and the EMA 4 and EMA 9 are almost crossing.
To confirm that the security tends to go back up, we will get in at a value of 137 to lift back to 150.
F1TN34 trade ideas
Pull Back Falling From Rising WedgePulling back with the tech sector.
It is not a recommendation and I sold it a few weeks ago but plan to re-buy when pull back is complete
I am thinking it will pull to gap, but can go back down further as we all know, possible under 100, especially if earnings are not well received on 8-6.
Just watching/but I do like this stock. We all have our favorites and for me, trading the same group of stocks over and over is easier.
closed with big volumewas down 10% 7/13, today bounced back 2.5%.
also had amazing volume near close!
$FTNT Uptrend intactFTNT broke out of 147 $ range.
Been hitting there a few times.
And holding on to 50EMA support too.
I will now wait for to cross the recent High.
So buy around 153 for a 15 to 18$ target from purchase should be good.
I would like to see a Red to Green bar at breakout with good volume.
Again patience required.
Fortinet #FTNTWatch for a breakout of $149.69. I would wait till pull back after the breakout to be in safe side.
12 months Consensus Price Target: $124.88
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
FORTINET ViewHey traders, FORTINET is in an upward movement, high volume of purchase executed. great potential to climb on the highest and to retreat due to the high volume of purchase previously exchanged.
Please LIKE & FOLLOW, thank you
FTNT : COILPOSITION TRADING ON THE BACK OF A 6-WK CONSOLIDATION WITH 38% PRICE RETRACEMENT. OBSERVE VOLUME ACCELERATION FOR TRADE ENTRY CONFIRMATION.
@FTNT - BUY Based on CCI 20 Close (-9.39)Buy Only for this One...
@FTNT
Estimated Earning Per Share USD 0.65
Last EPS USD 0.60
Buy Long: Fortinet Inc - Technology Software InfrastructureBuy Long: Fortinet Inc - Ticker: FTNT - Sector: Technology Industry: Software—Infrastructure
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Buy Entry: 136.58 to 144.25
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
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FTNT trade ideaSelling pressure, bearish engulfing today so maybe a little downside. Guess is rinse and repeat, back down towards 50, then back up to test 150 (highs) again.
FTNT : BOOMER SET UPEarnings growth +30% (past 3 quarters)
Sales growth +20% (past three quarters)
Positive earnings revisions
FTNT reversal, going upBroke the short term downtrend from the previous days. IBD rating of 99.
Long @ $139.36
FTNT - Potential Breakout?Fortinet has had a strong run since the pandemic hit. It looks like it is forming a strong bull flag with strong support at the $122 level. RSI is not overbought and the MACD is rounding out.
I am going to look to go long around $127.00 with an exit around $152.00.
Good luck! This is not financial advice!
