Fortinet $FTNT explosive set-up, long flag, larger cup & handleFortinet $FTNT explosive set-up, long flag, larger cup & handle
F1TN34 trade ideas
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
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Gonna run past to $42+ if it breaks $38?$38 marks a reversal a double top break on PNFchart and also enters new potential to achieve next FIB target.
Long Calls FTNTThis stock has gapped up on news and consolidated and now has moved through the resistance, would like to see more volume but could be start of upward move. For early entry now is the time, however manage risk if it comes back down into range exit trade. If you want to wait for re test can see if it bounces in a few days
