FSCT Analysis (FORESCOUT TECHNOLOGIES INC)

20 May 2020

While NASDAQ:FSCT have been falling violently by more than 30% since the 8th of May , I don't think it's a good enough reason to think about buying now since the stock is cheaper .I don't think it would be wise to think about buying now even though the market is showing some signs that it might go back up , but If it succeeds to close in an upcoming day considerably above the green rectangle (21 -22.5 area) and black line (trendline) with bullish strength , I think price would very likely to continue up to around the blue rectangle area (around 27-27.75) .