Fortinet may rise to 62.90 - 64.30

Our pivot point stands at 55.4.

Our preference

Short term rebound towards 62.9.

Alternative scenario

Below 55.4, expect 53.1 and 51.7.

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 59.821 and 61.5756).

Supports and resistances

65.7 **

64.3 *

62.9 **

61.5

57.94 (USD-last)

56.3

55.4 **

53.1 *

51.7 **

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