Jump to content

Fortinet Inc.FTNT Elliott Wave Technical Analysis September 5 2022


Recommended Posts

Fortinet Inc., Elliott Wave Technical Analysis

Fortinet Inc.,(FTNT:NASDAQ): Daily Chart, September 5 2022
FTNTStock Market Analysis:We are in a long lasting correction which appears to be a triple combo. We are looking to further downside as we are approaching support.

FTNT Elliott Wave count:  Z of (4).
FTNTTrading Strategy:Waiting for a clear move up to start looking for the resumption of the overall uptrend.

FTNTTechnical Indicators:We are below all EMAs and all indicators are still suggesting the trend is bearish.

TradingLounge Analyst: Alessio Barretta

FTNT_9_4.png.9557488f1f07d378f3f2ffc28566101d.png

 

 


 

Fortinet Inc.,FTNT: 4-hour Chart, September 5 2022

Fortinet Inc.,Elliott Wave Technical Analysis
FTNT Stock Market Analysis: Looking for downside support to be reached. As we passed the 0.618 {a}vs{c} we are looking for equality at 43$ as next target.

FTNTElliott Wave count:  {c} of 4.
FTNT Technical Indicators:All indicators are bearish, the 20EMA could act as resistance for potential short trades.

FTNTTrading Strategy: Short term trading we could look for shorts as long as the downtrend remains intact.

FTNT_4H.png.8951a1edd1374f178ce7d0b434d8edf2.png

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,112
    • Total Posts
      88,194
    • Total Members
      69,106
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    CJ-TradingFloor
    Joined 05/10/22 10:26
  • Posts

    • Hi What are the ways to deal shares with IG and what are the commission/costs for share dealing.   Thanks
    • Hi @Ptuh Welcome to IG community. What type of trader are you? Scapler, day trader, swing trader, position trader, algorithmic trader or event-driven trader? To answer your question, you can have a look at this member's recent posts on trading strategies: Top 5 Intraday trading strategy for financial freedom The Fibonacci MACD Trading Strategy Another source that can assist with your trading strategy is this article by our Senior Market Analyst: How to trade SA40 Index   All the best, OfentseIG
    • CSX Corporation, Elliott Wave Technical Analysis CSX Corporation, (CSX:NASDAQ): Daily Chart, October 5 2022,  CSX Stock Market Analysis:Moving as expected, at this point we are looking to see how wave{iv} is going to unfold. Given the fact that wave {ii} was sharp I will be looking for more of asideways correction. CSX Elliott Wave count: {iv} of C CSX Technical Indicators:We are below all averages CSX Trading Strategy: Looking to short on wave {iv} ideally the 20EMA(red line) will also turninto resistance. TradingLounge Analyst: Alessio Barretta       CSX Corporation, CSX: 4-hour Chart, October 5 2022 CSX Corporation, Elliott Wave Technical Analysis CSX Stock Market Analysis: From this lower timeframe view it appears we have just started wave(a) of {c} and many times after a sharp wave (a) we fall into a sideways correction. CSX Elliott Wave count: (a) of {iv}. CSX Technical Indicators:We have just touch the 20EMA where we could start to pullback from. CSX Trading Strategy: Looking for shorts from a significant Fibonacci level.
×
×
  • Create New...