Fortinet may rise to 88.30 - 90.00

Our pivot point is at 78.

Our preference

As long as 78 is support look for 88.3.

Alternative scenario

Below 78, expect 75 and 73.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 79.8298 and 77.3014).

Supports and resistances

91.8 **

90 *

88.3 **

86.5

80.37 (USD-last)

79.1

78 **

75 *

73.3 **

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