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FORTINET INCFORTINET INCFORTINET INC

FORTINET INC

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FTNT trade ideas

FTNT, Warning to buyers! Head and Shoulder is forming !Is FTNT's honeymoon is close to end? Lets follow! FTNT made a massive motive rally from 106.75 to 322 . In this profitable journey it never lost the up going trend line. This strong dynamic support is no more existing! Price broke the line strongly. Moreover, a head and shoulder pattern at very top of the chart is forming. My experience says that this is a pattern which is really worth to be considered especially after a huge motive rally. Therefore I can strongly recommend not to go long at the moment if you do not want to go short. Based on Elliot wave pattern, corrective wave 4 may have started and it may push down the price to 240, 215, 190 and even 154 USD corresponding to 0.382, 0.5, 0.618 and 0.786 retracement of the mentioned up going rally respectively. Currently I give more chance to 190 but we can update the target later based on structure of the possible down going corrective wave. A good entry point can be breaking the neckline ( if it ever happens) shown on the chart. If we decide to go short we set our protective buy stop at ATH or minor high after ATH depending on how much loss we can tolerate. We always trade based on fact and figures not hopes and wishes. Good luck every one !
NASDAQ:FTNTShort
by SaeedSajedi
4
Fortinet Up Nicely On Earnings. Looks A Bit Too Expensive.Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It is one of those hot IT spots in demand by Governments and Businesses alike and will probably only increase in importance over the years. Fortinet had a good pump on earnings, but I'd like to see it come back down closer to its 20 day moving average, or under 65 on its RSI before I'd start looking at entries. Might be a good long term buy and hold in theory if you like the idea of the business and the space that it is in. Worth keeping an eye on and doing your own due diligence if you like it.
NASDAQ:FTNTLong
by zAngus
1
FTNTFortinet, Inc. (FTNT)--- they’re in the cybersecurity biz, and the seasonal calendar is setting up pretty well for this stock. The stock has been riding the top of the Bollinger Band channel for almost 3 weeks now, there ‘might’ be some profit taking soon and it ‘may’ pull back some. You’ll notice that the 20-day moving average within the 2 standard deviation Bollinger Bands seems to act as a decent support this year....while tracking above the 50-day Moving Average that many swing traders follow to determine risk on/risk off. Another point, you might want to see the stock pull back into an oversold zone like the one demonstrated with the RSI. Personally, I’d look for a slight pullback into the $210-ish price zone region, then I’d consider my choices in regards to initiating a bullish position.
NASDAQ:FTNTLong
by SmoothJB
Spinning Top pattern (short opportunity)Playing game is enough get ready to go back to business..! Potential price drop: 10% Reward/Risk:5 Timeframe: 1-2 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NASDAQ:FTNTShort
by Moshkelgosha
1
Will FTNT drop over next week?FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010. Like most of my algorithms, they do not identify immediate price reversal. In the current case, the expected delay is between 3 and 4 bars after the signal from yesterday. This means we could see a near-term top this morning. There are two major pockets of tops my programs have found. Even though these are confluence areas, the tops could occur at other price levels. Pocket 1 is around 171.00 and the second area is around 171.60. After the initial moves up, I am looking at a decline over the next week. A majority of the modeled declines have the bottom around March 1 (in fact most are pointing to the first 3 hours of March 1). There are also two target price pockets for this decline. A majority are around 163.00 and the other is 160.30. The full analysis and statistics are available for free on my website as usual. Let me know what you think and thanks for reading.
NASDAQ:FTNTShort
by StockSignaler