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Apollo_CB
Nov 14, 2023 3:03 PM

FTNT breaking out of consolidation Long

Fortinet, Inc.NASDAQ

Description

FTNT next gap play is looking to be heating up with the bullish CPI print. MY first target remains 55.32$. The stock is finally testing the 20SMA and divergence on RSI is breaking which is the buy signal imo. An important fib level was also just tested right at the 20sMA as well. I added a local demand for context. I am still in my call setup and looking to ride this momentum. Per usual the upside target is about 3x the downside risk.
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