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.
F1TN34 trade ideas
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
FTNT gaps up on earningsFTNT only has data going back to 2009 and has been in consolidation for the majority of that time. However, it has a good volume of stock traded on a daily basis and is nicely priced at below $50 (making it cheaper to trade than more expensive stocks).
Since breaking out above the 2012 pivot high ($28.82) in December 2014 price did retrace to retest this zone (and the 50sma) in January 2015. A good, linear trend is still to develop. The trend looks to be in the early stages - the 50sma is still being used for support and I would want to see price move away from this before considering a buy here.
Yesterday's gap up was most likely due to the earnings announcement. I would not consider this a good near term opportunity as the bar was a doji/spinning top so neither bullish or bearish. A bullish bar may have persuaded me otherwise, but the likelihood of momentum remaining to the upside in the near term does not present a good enough probability for me.
FTNT is one to look at, again, some time in the future.
