Fortinet may fall to 53.10 - 54.30

Our pivot point is at 60.7.

Our preference

The downside prevails as long as 60.7 is resistance.

Alternative scenario

Above 60.7, look for 62.7 and 64.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 58.7755 and 59.4078).

Supports and resistances

64 **

62.7 *

60.7 **

59.9

58.04 (USD-last)

55.6

54.3 **

53.1 *

52 **

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