📈 Symbol: FTNT (Fortinet)
⌛ Timeframe: Daily Chart
⚡ Strategy: High-Conviction Swing Trade (5-10 days)
🎯 Pinpoint Trade Execution
Entry: $103.00 (Key psychological level + SMA 50 confluence)
Stop-Loss: $95.80 (7% risk, below July swing low)
Take-Profit: $118.16 (14.7% upside, pre-earnings resistance)
Risk-Reward: 1:2.1 (Optimized ratio)
📊 Technical Rationale
✅ Triple Confirmation Setup:
Connors RSI2 Signals: Back-to-back buy triggers (July 10-11)
Volume Surge: 30% above 20-day avg on reversal candle
MACD Flip: Bullish crossover at -2.5 (oversold rebound)
Key Levels:
Defense Line (SL): $95.80 (Protects against false breakout)
Profit Zones:
$110.50 (Partial take-profit at 50% Fib)
$118.16 (Full exit at 61.8% Fib + VWAP resistance)
⚡ Smart Trade Management
1️⃣ Entry: $103.00 limit order
2️⃣ Stop Strategy:
Initial SL: $95.80
Adjust to $101.00 if price hits $108.00
3️⃣ Profit Plan:
Sell 30% at $110.50
Trail remainder with 2-bar low exit
🌐 Fundamental Context
Earnings Date: July 25 (Plan exit before)
Short Interest: 8.5% float (squeeze potential)
Institutional Activity: 13F filings show $200M+ inflows
⚠️ Critical Risk Notes
Sector Risk: Tech volatility (monitor SOXX ETF)
Earnings Gap Risk: July 25 event may override technicals
Alternative Scenario: Invalidated below $95.80 → Wait for retest
#PrecisionTrading #Cybersecurity #RiskReward
👇 Like/Comment if you'd take this trade!
🔔 Follow for institutional-grade setups
(Chart: Daily timeframe with Fib levels + volume profile)
⌛ Timeframe: Daily Chart
⚡ Strategy: High-Conviction Swing Trade (5-10 days)
🎯 Pinpoint Trade Execution
Entry: $103.00 (Key psychological level + SMA 50 confluence)
Stop-Loss: $95.80 (7% risk, below July swing low)
Take-Profit: $118.16 (14.7% upside, pre-earnings resistance)
Risk-Reward: 1:2.1 (Optimized ratio)
📊 Technical Rationale
✅ Triple Confirmation Setup:
Connors RSI2 Signals: Back-to-back buy triggers (July 10-11)
Volume Surge: 30% above 20-day avg on reversal candle
MACD Flip: Bullish crossover at -2.5 (oversold rebound)
Key Levels:
Defense Line (SL): $95.80 (Protects against false breakout)
Profit Zones:
$110.50 (Partial take-profit at 50% Fib)
$118.16 (Full exit at 61.8% Fib + VWAP resistance)
⚡ Smart Trade Management
1️⃣ Entry: $103.00 limit order
2️⃣ Stop Strategy:
Initial SL: $95.80
Adjust to $101.00 if price hits $108.00
3️⃣ Profit Plan:
Sell 30% at $110.50
Trail remainder with 2-bar low exit
🌐 Fundamental Context
Earnings Date: July 25 (Plan exit before)
Short Interest: 8.5% float (squeeze potential)
Institutional Activity: 13F filings show $200M+ inflows
⚠️ Critical Risk Notes
Sector Risk: Tech volatility (monitor SOXX ETF)
Earnings Gap Risk: July 25 event may override technicals
Alternative Scenario: Invalidated below $95.80 → Wait for retest
#PrecisionTrading #Cybersecurity #RiskReward
👇 Like/Comment if you'd take this trade!
🔔 Follow for institutional-grade setups
(Chart: Daily timeframe with Fib levels + volume profile)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.