FTNT - Downward channel breakdown trade from $32 to $36 & higher

11 Jan 2017

FTNT is seems a good momentum pattern. It also running within a downward channel. Now of if it breaks out it can go all the way up to 36 & higher

Trade Criteria
Entry Target Criteria- Break of $32
Exit Target Criteria- $36 & Higher
Stop Loss Criteria- N/A

You can check detailed analysis on FTNT in the trading room/ Executive summary link here-
screencast.com/t/Lge8k2HytJd ( Access only for the subscribers)
Time Span- 1:4:0"
Trade Status: Pending
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1 Feb 2017

Nota

January 31st- Traded up & crossed above MA200, Looking very strong.
January 25th- Jumped up and made a higher high. Looking very good as long.
January 24th- Nice upward move closing above MA100, looking very good as long.
January 18th- holding MA support for now and Twiggs Money Flow remains positive keeping a close eye on this. Updating our stop loss criteria to $31.13.
January 13th- Hit opening price today, now wait & see.

13 Feb 2017

Nota

February 3rd - Went up as high as 14.4% & hit its target price. Considered closing half of the position & updating stoploss to $36.03