$FTNT (Fortinet Inc) – Weekly trendline flip matters and may give a trade

Start trading
Updated: 15 June 2020

$FTNT (Fortinet Inc) is a technology company that tested 129 area for a few times. We see that we had a nice bounce out of previous pivot low on Friday but at the moment we can get a 30min trade entry based on the price action. We have the trend-line that gets flipped to support, then the double bottom of the 128 area. We need volume and a trigger otherwise we may see lower prices in 124-125 where is the next spot along with the 50 simple moving average. Watch today open for clues.

For more ideas, market videos and analytics, sign up to our premium room: https://www.asktraders.com/stocks-live/

Remember: These are not trade recommendation to buy or sell securities. Always do your own due diligence and trade at your own risk.

Never risk more than 1% of equity per trade.

Happy Trading!