Fortinet Inc.(FTNT:NASDAQ) Elliott Wave Technical Analysis 12 October 23

12Oct

Fortinet Inc.(FTNT:NASDAQ) Elliott Wave Technical Analysis 12 October 23

Fortinet Inc.,(FTNT:NASDAQ): 4H Chart, 12 October 23

FTNT Stock Market Analysis: Looking for continuation lower into wave (C) as we seem to be in a higher degree wave 4. Looking to start resuming lower soon.

FTNT Elliott Wave Count: Wave {i} of 3.

FTNT Technical Indicators: Below all averages.

FTNT Trading Strategy: Looking for continuation lower into wave 3 with invalidation at 65$.

TradingLounge Analyst: Alessio Barretta
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Fortinet Inc., FTNT: 1-hour Chart, 12 October 23

Fortinet Inc., Elliott Wave Technical Analysis

FTNT Stock Market Analysis: Looking for another leg higher into wave {ii} to then complete the correction and resume lower. Looking for equality of (c) vs. (a) to then start looking for sellers to step in.

FTNT Elliott Wave count: Wave (c) of {ii}.

FTNT Technical Indicators: Between averages.

FTNT Trading Strategy: Looking for shorts off wave (c) with invalidation at 65.5$.

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