$FTNT Bullish pattern

2 בפבר׳ 2021

Let's take a look at FTNT:

1) FTNT has been continuously growing it's earning/EPS since April 2018.
2) It has been consolidating for a long time now.
3) It is in a bullish triangle formation.
4) Stochastic indicators are showing hidden bullish divergence.
5) It may be getting ready to take-off !!

4 בפבר׳ 2021

עסקה פעילה

FTNT has just broken an all time high and the ascending triangle.

4 בפבר׳ 2021

עסקה פעילה

Earnings are tonight. Some interesting movement may be seen.

6 בפבר׳ 2021

עסקה פעילה

Earnings were 7.85% less than expected.
Earnings still better than last quater.
We saw some sell off on friday, but the previous resistance seems to hold well as a support.
The lower tail of the red daily candle may show that the sell off was quickly bought back by traders.