Possible entry point right hereSeems to be finding support at 100 Day MA. HOLY GRAIL setup in this one.
0IR9 trade ideas
Strong pull back on an clear earnings beatThis may be the start of a handle as the formation of the cup was not enough to sort out these shares.
Solid fundamentals with 18% sales growth an a modest increase of full year guidance .
Fortinet - Full Wave up! short short shortHi Traders :)
I am placing a short position NASDAQ:FTNT for the following ;
1- A bullish Bar (2D timeframe)
2- Momentum divergence between W3 & W5
3- I can count 5 waves
Loss stop is 97$
Best of luck :)))
$FTNT Fortinet moves higher on breakout, nice RR.This is a stock which we really missed out on, it is a cloud and fixed cyber security specialist which is at the epicenter of growth and spending. The stock has created a lovely base and is now breaking out with a minimum 10% upside in our opinion, we are long as of today and will hold for long term upside with $93 as our stop loss level.
Fortinet: Cybersecurity Software Rallying AgainI have been looking for another tech stock outside of the semiconductor space, and I believe I've found it with Fortinet. They had a solid earnings surprise at the end of February and after a choppy, volatile couple of months, they appear to be rallying again with the recent market tailwinds. The price is hitting the top Bollinger Band, MACD just crossed in the last few days, ADX is rising into trendedness with DI+ diverging upward strongly from DI-. RSI isn't yet overbought, so the timing is opportune for speculation.
Fortinet $FTNT explosive set-up, long flag, larger cup & handleFortinet $FTNT explosive set-up, long flag, larger cup & handle
Long FTNT for continuation higherFortinet has been moving impulsively higher in a five-wave sequence since 2016. Looking at the daily chart on the left, we can see what appears to be an extended Wave 3 that broke higher out of a parallel base channel. After topping out around $94 in October, FTNT pulled back and found support on the topside of the channel - a common support area for Wave 4 retracements.
Moving to a smaller time frame on the right, we can see an ongoing impulsive sequence in what is likely Wave 5 of larger degree Wave 3. We're using the current consolidation to establish long positions in the direction of the overall trend. Initial target is $94 with a continuation to new highs on a breakout.
FTNT - double bottomSymbol FTNT
Upcoming Earnings Jan 29, 2019 (EST) Jan 29, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
MA S&R: yes
>200ma: yes
Volume confirmation: yes
Candle Confirmation: yes
Stoch Divergence: yes
Reg Trendline >85: no
Short Float: 13%
Entry 71
Stop 64
Price Target 87
Risk / Reward: 1:2
Zacks Rank: 3-Hold 3 Style Scores: F Value | A Growth | D Momentum | C VGM Industry Rank: Top 27%(68 out of 256) Industry: SecurityView
Any feedback is welcomed.
FTNT is a good setup for long term investmentFTNT looks ready for the next bullish ride after it breaks its consolidation pattern, which is similar to a flag pattern.
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
Fortinet Acquires Cloud-Based Threat Analytics Company ZoneFoxFTNT: Fortinet, Inc.
2018-10-23 09:00:00
Fortinet Acquires Cloud-Based Threat Analytics Company ZoneFox
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 - Support VS.ResistanceFTNT is showing classic support and resistance level
previus level of support was 36-37.5
previus level of resistance was 41
last weel price broke above 41 level and retested that area successfully
price looking to retest old resistance at 44.7 and 46
Trade setup for FortinetLooks to me like a cup with handle pattern with a buy point of $38.27. I managed to buy in right at $38.27 when it moved with high volume. Keeping my stop at $36.73, I would love a 20% move to 46.25 but I'll be happy with just 10%
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
(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
