FTNT - Earnings on 6th Feb; How will it play out?
Price action (4 Feb 2024)
- Nov gap down - FILLED
- Aug gap down - 50% FILLED
- As you can see, liquidity being built between 65 and 67
- Clearly, building to an earnings reaction either break upwards or downwards
Bullish - Break out of 67 and fill gap up to 74
Bearish - Break back down to 62 or 57
My plays
Bullish break will liquidate some to take profit
Bearish break will enable me to nibble more. Current average cost of 52.
FTNT - Daily 4 Feb 2024
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Good earnings reaction. tonight likely open at gap fill 100% level and so expect profit taking.
will it be gap and fill or gap and go?
stay tuned.
the TA shared earlier still applies.
@melson @TigerStars @macroB @CaptainTiger @Deposit