Image Source: Unsplash
 

Fortinet Inc., Elliott Wave Technical Analysis

Fortinet Inc., (NYSE: FTNT): 4h Chart 15 December 2023

FTNT Stock Market Analysis: Looking for further upside into wave {iii} as we have a clear five wave move into wave {i}. Looking for a pullback into wave (ii) as we seem to be approaching resistance entering Minor Group 2.  

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

FTNT Technical Indicators: Above all averages, and cross of 20 and 200EMA.

FTNT Trading Strategy: Looking for longs after a pullback in wave (ii).  

Analyst: Alessio Barretta

Fortinet Inc., FTNT: 1-hour Chart 15 December 2023

Fortinet Inc., Elliott Wave Technical Analysis FTNT Stock Market Analysis: Looking for a top in wave (i) soon as we are approaching 0.618 {iii} vs. {i} as well as previous resistance on top of MG2.  

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

FTNT Technical Indicators: Above all averages.

FTNT Trading Strategy: Looking for longs after a pullback in wave (ii).

More By This Author:

Elliott Wave Technical Analysis: UnitedHealth Group Inc.
Elliott Wave Technical Analysis: ChainLink/U.S. Dollar - Thursday, Dec. 14
Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Swiss Franc - Thursday, Dec. 14