03.04.2025 / 
OKTA #OKTA
Fundamentals. Earnings report exceeded expectations.
Technical analysis.
Daily chart: Uptrend, update of the previous high.
Premarket: Gap Up on increased volume.
Trading session: The price has been trading in a wide range of 101.50 - 104.50 for a long time after the initial impulse at the opening of the session. Volumes for buying appeared after 2:00 p.m. and the price confidently broke the high of the day 104.50. We are considering a long trade in case a retest and holding the price above the level.
Trading scenario: #breakout of level 104.50
Entry: 105.13 when exiting upwards from the range above the level 104.50
Stop: 104.38 we hide it behind the level 104.50 with a small reserve
Exit: We observe a pure trend movement after entering the position. Close the position at a price of 108.35 before the session closes.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
OKTA #OKTAFundamentals. Earnings report exceeded expectations.
Technical analysis.
Daily chart: Uptrend, update of the previous high.
Premarket: Gap Up on increased volume.
Trading session: The price has been trading in a wide range of 101.50 - 104.50 for a long time after the initial impulse at the opening of the session. Volumes for buying appeared after 2:00 p.m. and the price confidently broke the high of the day 104.50. We are considering a long trade in case a retest and holding the price above the level.
Trading scenario: #breakout of level 104.50
Entry: 105.13 when exiting upwards from the range above the level 104.50
Stop: 104.38 we hide it behind the level 104.50 with a small reserve
Exit: We observe a pure trend movement after entering the position. Close the position at a price of 108.35 before the session closes.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
Trade active
Despite the fact that globally the day was short, this paper showed its strength and unwillingness to follow the S&P and NASDAQ leaders from the very opening. Such behavior of the stock is a strong argument for close monitoring of it during the trading session.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.