Momentum is building with this Rising Wedge. See the live chart action.
Reversal pattern. Price likely to break downwards.
Technical analysis of Fortinet (FTNT) reveals a significant setup. Currently at $152.37, the asset is showing upward momentum (0.55%). Price action has carved out a classic Rising Wedge. Volume is average (0.55x avg) with moderate trend strength (21.7). A potential breakout level is identified at $150.92, targeting $139.4 with support near $170.35 (R:R 0.59).
What is your outlook on FTNT?