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OptionsMastery
Oct 15, 2023 1:00 AM

Up on FTNT? Long

Fortinet, Inc.NASDAQ

Description


As you see here on this 15-minute chart, we are approaching a major trendline. On the daily chart we are about to cross up, the RSI is slowly increasing and is currently approaching the 50 level. As you can see on the last bar of the 15-minute candle, we had a major push in volume. If we gap above the trendline on Monday, I would look for us to retest this level on the 5-minute heikin ashi candlestick chart and wait for a bounce and possibly hold until close.
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