Fortinet may rise to 65.80 - 68.00

Our pivot point is at 55.

Our preference

Short term rebound towards 65.8.

Alternative scenario

Below 55, expect 51.4 and 49.3.

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 stock is trading under both its 20 and 50 day moving average (respectively at 60.3065 and 64.0758).

Supports and resistances

70.2 **

68 *

65.8 **

63.6

58 (USD-last)

56.5

55 **

51.4 *

49.3 **

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