Bullish Swing Trade: FTNTA bullish swing trade? Bouncing of EMA10. Target is 1.2xLongby secret0neUpdated 1
RectanglePrice is still inside the rectangle top. The bottom trendline is support until broken. Sometimes candles can tell a story and FTNT has had it's fair share of ominous candles. Most do not use candles by themselves but confirm with other indicators. Dark Cloud Cover consists of a green candle that is followed by a red candle that towers and closes above the green candle. This was almost an engulfing candle that swallowed the green candle body but not quite. A red candle opens at the top and closes at the bottom of the candle body (excluding wicks and shadows) and vice versa for a green candle. So in the Dark Cloud Cover pattern, price opens above the green candle close and the bulls are unable to maintain the open and the red candle closes at least half way down, or more on in to prior green candle body. This shows weakness for the bulls and is often a bad sign for the bulls. I have found this candle pattern to be more reliable than most close to the top and often indicates at least a short term reversal. Price has been unable to penetrate the level of resistance the long candle wicks created. Long wicks can point to a resistance level and long shadows can point to support. Long candle wicks at the top get my attention if I am long. Several bad candles can tell you a lot about the psychology of the market concerning a particular security. No recommendation. It seems cybersecurity has held on longer than the rest of the tech sector. This pattern is neutral for now.by lauraleaUpdated 1
Bearish Swing Trade: FTNTA bearish swing trade? Bouncing of EMA10. Target is 1.2xShortby secret0neUpdated 1
Bullish Swing Trade: FTNTA bullish swing trade? Bouncing of EMA10. Target is 1.2xLongby secret0neUpdated 1
See ya at $110 in an year or soI will short this every time it jumps from now onwards... short until it hits $100... yeah $100... thats right.Shortby babu_trader2
RectangleFTNT appears to be in a rectangle. A rectangle is a horizontal trading pattern and is neutral until a trendline is broken with a trend in that direction. This would be a Rectangle Top as price was in an uptrend leading to the pattern. This top is not a pretty one. No recommendation. Both life and investing can be long ballgames.by lauralea1
$FTNT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FTNT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%. Longby EPSMomentum0
$FTNT long. hope it consolidates more before running upCautious since tech name but showing R/S and near ATH Looking for more tightening action before breakoutLongby chft_5000
Weekly chart looks juicy.Weekly chart is very promising. Buy some and put a loose stop. Expect zig-zags NASDAQ:FTNTLongby jaganjohnUpdated 0
Showing StrengthFTNT looks like a standout on the chart. I really like the last breakout attempt was on +780% volume with over mil shares traded. The moving averages look very orderly. Now it just needs a good entry, breakout, and follow-through. Coming off of 2 flat bases recently. Is in a really strong industry group. Watchlist worthy.Longby flywsamUpdated 1
Fortinet Partners With Microsoft to Enhance Cloud SecurityFortinet is one of those beautifully trending stocks that just keeps going up and up. The whole cybersecurity space is only going to get more and more momentum over the next few years so well worth a look.Longby zAngusUpdated 1111
$FTFT- IHS on the daily? I see an IHS on the daily forming but also see a lot of resistance at the top. Worth a watch Longby katblat2
When Fortinet breaks 351 level....Looking at the chart, I think this stock is going to break the 351 level before the year ends and award its shareholders a bountiful harvest ! It has soared more than 100% YTD , much more aggressive than the SPX500 and NASDAQ combined. Longby dchua19693
FTNT Potential Buy on Dip TradeNASDAQ:FTNT Uptrend and morning Star bounce from EMA 50 Fast Turtle Buy Banker Spike upLongby SuperTrader_K1
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 ! Shortby SaeedSajediUpdated 448
Head and Shoulder with Tripple diverge on RSI ?On FTNT, RSI levels, between the time period 4th August to 30th August, have been declining while prices have bee sifting upwards. Now there is a H&S pattern that appears to have just been completed. Target - 253 Not a trading advice, do DD before investingby yjagger1
FTNT Pick for Short term move UpI let my pendulum pick a stock to buy/sell for this afternoon to hold overnight. Answer was FTNT. I've never traded it. Options are OK and I'm looking to the long side. I like the setup off the uptrend line that's holding today as well. I let the pendulum pick a stock this this morning from a smaller list and got the stock SI. It was up over 7% today, so I need to play in this area some more. I plan on taking this off tomorrow.Longby JenRzUpdated 0
regret in $FTNTI sold all my $FTNT holdings at the last 2 combo 13. Am I regretting the sale? Yeah. I value $FTNT at about 50% overvalued (surprisingly every other high growth tech companies are sitting at this valuation too) and the move up has been really extended. I should have held just a little just in case. Right now we are looking to break ATHby kidze1
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. Longby zAngusUpdated 118
Fortinet growth soon coming to an end?Maybe I am a bit too early but there are divergences on the chart that show, it could soon get ugly. 29th of July is Earnings Date, which could act as a catalyst. No trading advice, just my own opinion. shoutouts to my mate @TR7z Shortby coinwideUpdated 444