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Fortinet Inc.(FTNT:NASDAQ) Elliott Wave Technical Analysis December 14 2022

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Fortinet Inc., Elliott Wave Technical Analysis

Fortinet Inc., (FTNT:NASDAQ): Daily Chart, December 14 2022, 

FTNT Stock Market Analysis: The stock has been moving as forecasted in the previous update.We are looking at the possibility of an uptrend resumption as we are trying to break previous highs.

FTNT Elliott Wave Count: Wave (i) of {iii}.

FTNT Technical Indicators:Looking for support on the 200EMA

FTNT Trading Strategy:Looking for longs on the pullback in wave (ii).

TradingLounge Analyst: Alessio Barretta

 

FTNT_12_14.png.de9cb13aa1afbdeb5fde57b93e4ac0fc.png

 

 

Fortinet Inc., FTNT: 1-hour Chart, December 14 2022

Fortinet Inc., Elliott Wave Technical Analysis

FTNT Stock Market Analysis:Looking for continuation higher into wave v of (i).

FTNT Elliott Wave count: Wave iv of (i).

FTNT Technical Indicators: Above all averages

FTNT Trading Strategy:Looking for longs into wave v with a stop on the top of wave i at around53.5$

FTNT_1H.png.1b0dc1ebddbca58cc7966047955da0b4.png

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