FTNT: A Captura Security Co to run for 3-6mo, then reverse.Monitor monthly to begin recycling of buy and sell for long-term.
However, is this company a morale company? Are they a b-Corp? No?
Key facts today
56,730.77
0.01 BRL
5.73 B BRL
26.50 B BRL
About Fortinet, Inc.
Sector
Industry
CEO
Ken Xie
Website
Headquarters
Sunnyvale
Founded
2000
ISIN
BRF1TNBDR001
FIGI
BBG00R4Z6FS8
Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.
Is the Next Cybersecurity Giant Already Hiding in Plain Sight?At a time when most tech companies are navigating turbulent markets, Fortinet's remarkable Q3 performance tells a story that goes beyond mere numbers. With a 13% revenue surge to $1.51 billion and service revenue climbing 19.1% to $1.03 billion, the company isn't just growing – it's redefining what'
FTNT eyes on $ 77.55: Golden Genesis fib to DIP or to Break?FTNT popped it into a Golden Genesis fib.
This might start a pullback for long entries.
Or we may get a Break-n-Retest entry above.
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FTNT - pullback coming aim to buy at USD60Short-term bearish for the next 2-3 mths as pullback is coming, but long term bullish on FTNT and aim to buy at USD60
FTNT Pulling back with a Nice SetupNASDAQ:FTNT pulling back to confluence of support on top of its previous breakout level and 50 moving average line.
Up down volume and OBV line held up well during this pullback.
Earnings in 2 days to add some spices to the setup.
$FTNT at top of my listWith the market under pressure, this stock is up and very close to all time highs. This shows strength in buying. Some basing pattern or pullback would be nice but this is my top pick to start a position soon.
Fortinet (FTNT) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General
FTNT - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Fortinet hanging on by a threadFortinet is very close to breaking the neckline of a head and shoulders pattern on the weekly chart. If it breaks below the 0.382 Fibonacci level, it will break down quite heavily. Cybersecurity is a crowded trade and with upcoming earnings of Crowdstrike and Zscaler, if the earnings and outlook com
FTNT potential Buy setupReasons for bullish bias:
- Positive earnings
- Daily and weekly support
- Weekly trendline
- Daily bullish engulfing
- 0.5 Fib level
Here are the recommended trading levels:
Entry Level(CMP): 58.99
Stop Loss Level: 56.48
Take Profit Level 1: 65.06
Take Profit Level 2: Open
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