Fortinet Inc., Elliott Wave Technical Analysis
Fortinet Inc., (FTNT:NYSE): 4h Chart 15 December 23
FTNT Stock Market Analysis: Looking for further upside into wave {iii} as we have a clear five-wave move into wave {i}. Looking for a pullback into wave (ii) as we seem to be approaching resistance entering Minor Group 2.
FTNT Elliott Wave Count: Wave (i) of {iii}.
FTNT Technical Indicators: Above all averages, and cross of 20 and 200EMA.
FTNT Trading Strategy: Looking for longs after a pullback in wave (ii).
TradingLounge Analyst: Alessio Barretta
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Fortinet Inc., FTNT: 1-hour Chart 15 December 23
Fortinet Inc., Elliott Wave Technical Analysis
FTNT Stock Market Analysis: Looking for a top in wave (i) soon as we are approaching 0.618 {iii} vs. {i} as well as previous resistance on top of MG2.
FTNT Elliott Wave count: Wave (i) of {iii}.
FTNT Technical Indicators: Above all averages.
FTNT Trading Strategy: Looking for longs after a pullback in wave (ii).
