Dec. 6 at 1:36 AM
Actionable Trade Alert for
$FTNT:
Market Context:
$FTNT is currently trading at
$85.18, showing strength as it approaches the 60D high of
$87.66. The RSI at 65.16 indicates bullish momentum but is nearing overbought territory. The MA30 at
$82.76 and MA50 at
$83.5 suggest a positive trend, supporting a bullish outlook.
Directional Bias: The price is above both the MA30 and MA50, indicating upward momentum. The proximity to the 60D high strengthens the bullish sentiment, while the recent low of
$75.31 provides a solid risk management point.
Trade Plan:
- Suggested Entry:
$85.50
- Stop Loss:
$82.00 (3% below entry)
- Take Profit Targets:
- TP1:
$87.00 (1.75% gain)
- TP2:
$88.50 (3.5% gain)
- TP3:
$100.00 (17% gain)
With these targets, the risk-reward ratio remains favorable, especially with TP3 offering a significant return. Monitor closely as price approaches targets.
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