Fortinet Inc.(FTNT:NASDAQ) Elliott Wave Technical Analysis 22 March 23

[tradinglounge]

Fortinet Inc., Elliott Wave Technical Analysis

Fortinet Inc., (FTNT:NASDAQ): Daily Chart, 22 March 23,

FTNT Stock Market Analysis: Looking for further upside into wave (v) of {iii}. There is evidence suggesting we have completed a wave (iii) of {iii}as we have had the highest RSI reading(strongest momentum) at the top of (iii).

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

FTNT Technical Indicators: Above all averages.

FTNT Trading Strategy: Looking for further upside.  

TradingLounge Analyst: Alessio Barretta

 

 

Fortinet Inc., FTNT: 4-hour Chart, 22 March 23,

Fortinet Inc., Elliott Wave Technical Analysis

FTNT Stock Market Analysis: Looking for further upside as long as we stay supported by the 20EMA. It looks like we are nesting into wave (v) as we have overlapping waves after the bottom in wave (iv) but we keep making higher highs and higher lows.  

FTNT Elliott Wave count: Wave (v) of {iii}.

FTNT Technical Indicators: Above all averages.  

FTNT Trading Strategy: Looking for longs after a clear three wave pullback.