Fortinet may rise to 65.70 - 67.10

58.5 is our pivot point.

Our preference

Our next up target stands at 65.7.

Alternative scenario

Below 58.5, expect 56.1 and 54.8.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 59.7775 and 60.4564).

Supports and resistances

68.6 **

67.1 *

65.7 **

64.3

61.09 (USD-last)

59.5

58.5 **

56.1 *

54.8 **

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