Momentum is building with this Broadening Formation. See the live chart action.
Expanding volatility. Sign of instability.
A clear signal has emerged for Fortinet (FTNT) on the daily chart. The stock is trading at $128.02, down 1.52% on the day. Price action has carved out a classic Broadening Formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $130.36, targeting $184.71 with support near $103.19 (R:R 2.0).
What is your outlook on FTNT?