Fortinet may fall to 50.90 - 52.00

58.3 is our pivot point.

Our preference

The downside prevails as long as 58.3 is resistance.

Alternative scenario

Above 58.3, look for 60.2 and 61.3.

Comment

The RSI is below 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 57.91 and 58.9828).

Supports and resistances

61.3 **

60.2 *

58.3 **

57.6

55.8 (USD-last)

53

52 **

50.9 *

49.8 **

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