NASDAQ:FTNT   Fortinet, Inc.
Fortinet, Inc. (FTNT)--- they’re in the cybersecurity biz, and the seasonal calendar is setting up pretty well for this stock. The stock has been riding the top of the Bollinger Band channel for almost 3 weeks now, there ‘might’ be some profit taking soon and it ‘may’ pull back some. You’ll notice that the 20-day moving average within the 2 standard deviation Bollinger Bands seems to act as a decent support this year....while tracking above the 50-day Moving Average that many swing traders follow to determine risk on/risk off. Another point, you might want to see the stock pull back into an oversold zone like the one demonstrated with the RSI. Personally, I’d look for a slight pullback into the $210-ish price zone region, then I’d consider my choices in regards to initiating a bullish position.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.