Fortinet may rise to 68.80 - 71.10

Our pivot point stands at 57.7.

Our preference

Short term rebound towards 68.8.

Alternative scenario

Below 57.7, expect 54 and 51.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 61.1395 and 64.7072).

Supports and resistances

73.3 **

71.1 *

68.8 **

66.6

60.93 (USD-last)

59.2

57.7 **

54 *

51.9 **

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