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Fortinet price driven lower by historic resistance - Forecast today - 28-10-2024
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Fortinet price driven lower by historic resistance - Forecast today - 28-10-2024
Nov 3, 2024 12:46 PM

Fortinets stock price (FTNT) edged lower in the intraday levels after the pivotal resistance of $81.24 held on, while gathering positive momentum to pierce that resistance, amid the dominance of the main upward trend in the medium and short terms, with ongoing positive support from trading above the 50-day SMA, as the RSI reached oversold levels compared to the stocks movements.

Therefore we expect the stock to return higher, provided the aforementioned resistance of $81.24 was reliably breached, targeting the next one at $91.30.

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