$FTNT

FTNT's weekly chart shows a large-volume breakout with a pivot near $87-88 and many consecutive up weeks closing in the upper half of their ranges, signaling great strength, though the triangle breakout has not extended much on low volume; selling covered puts earns income while it rises, though a rise is not assured.

BullishHe framed it in weeks
“Cybersecurity Stocks to Watch: 4 Names Showing Strength”

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Let's start with the world's leading company, Fortinet (FTNT). If you look at this stock on a weekly basis, you'll notice a great chart , won't you? We have seen a breakout candle with a large trading volume here.

That's why we always talk about reading charts, because if you can identify breakout points, you'll find what we call a pivot point at $87 or so, $88. Look at that candle, isn't that right ?

It has risen by 55% of its weekly trading volume , which is a huge candle.

It seems there are numbers or something like that . Whatever the reason, the news. But look at the number of candles it shot, didn't it? The price kept rising , then rising again, and then suddenly! It rose.

If you can take advantage of this rise, perhaps by writing some covered put options, you will earn an income while it is rising. Now, many people will say upon hearing this : "You're crazy.

It doesn't make sense to write covered put options on a stock whose price is rising." Well, we don't know if it will rise or not, do we ? We are simply trying to take advantage of the possibility of it rising.

But even as it rises, you will earn this income. You will reap the profits. These profits are the part that fades away over time. It's like an ice cube melting. As the expiration date approaches each week or two, or each month, you will reap this profit.

Now , with a stock rising this much, you need to use some working capital to keep up with the rise or leave it when you've made maximum profit. But that's how covered put options work.

So, if you're looking at our goal of achieving a return of between 1% and 2% weekly, and between 2% and 4% monthly, that's a good income, isn't it? This significantly improves the performance of your investment portfolio, especially in a market like this.

Let's look at Fortinet stock. Note the number of consecutive weeks it has risen, and the number of weeks it has closed within the upper half of its weekly trading range . This shows great strength.

And look at the green trading volume candles here. You see the stock gradually rising.

And recently, I will show you that on a smoother graph here. Well , I already did that , but you can take a look. Fortinet, as you know, breaks through the base of the ascending triangle here, and it has broken through but has not risen significantly due to the low trading volume.

But is there a radical shift now? Well, if we look at today's events with all these strange things happening in the world, does it seem that the world is paying too much attention to them?

I find this interesting on a day like this , when we have probably witnessed the biggest breach of the internet and cybersecurity in history. These stocks are barely holding up.

Perhaps she will be the one to protect these companies and say, "We support you." Now she will have to take responsibility and protect it.

What this channel has said about $FTNT

Cash Flow Machine | Mark Yegge | Wealth Architect has 2 calls on this stock; only the adjacent ones are shown.

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