Fortinet may rise to 68.70 - 71.00

57.8 is our pivot point.

Our preference

Short term rebound towards 68.7.

Alternative scenario

The downside breakout of 57.8 would call for 54.1 and 51.8.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 61.7305 and 65.4708).

Supports and resistances

73.2 **

71 *

68.7 **

66.4

61.43 (USD-last)

59.3

57.8 **

54.1 *

51.8 **

Number of asterisks represents the strength of support and resistance levels.