Fortinet may rise to 81.60 - 82.90

Our pivot point stands at 75.1.

Our preference

As long as 75.1 is support look for 81.6.

Alternative scenario

Below 75.1, expect 72.9 and 71.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 76.3168 and 71.8815).

Supports and resistances

84.2 **

82.9 *

81.6 **

80.2

77 (USD-last)

75.9

75.1 **

72.9 *

71.6 **

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