Wednesday, December 14, 2022 9:42 AM EST
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Fortinet Inc., Elliott Wave Technical Analysis
Fortinet Inc., (Nasdaq: FTNT): 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).
Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_ftnt_12_14.webp)
Fortinet Inc., FTNT: 1-hour Chart, December 14, 2022
Fortinet Inc., Elliott Wave Technical Analysis
FTNT Stock Market Analysis: Looking for a 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 around $53.5.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_ftnt_1h.webp)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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