Channel Trade w/ Surprise Potential Easiest type of trade possible: upper channel near term target 168 by Apr 1
Motivating because industry/sector is heating up.
Not advice of financial type or whatevs.
OKTA
OKTA Falling Wedge PatternIf you haven`t sold earlier:
Then you should know that OKTA is heading to the $132 support.
It should bounce from that strong support.
OKTA Falling Wedge and Losses Exceeding ExpectationsOKTA is bearish from both fundamental and technical perspectives.
The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million.
Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high expectations.
When investors see weaker forecasts or expenses increase, on rising interest rates, they are tempted to sell.
In this case, my price target is the $140 support.
Looking forward to read your opinion about it.
Long $OKTA - Ready for next leg upSince IPO Okta has maintained it's growth and it has done that in phases. Looking at weekly chart it looks promising and consistent in 4 year long uptrend.
In 2021 it has mostly consolidated and absorbed last years growth and gearing up for next phase of growth.
Okta has earnings on Dec 1, be careful about position sizing. Try to avoid earnings volatility.
Okta Analysis 18.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
OKTA ANALYSIS 11.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
_____________________________________________________________________________________________________________________________________________________________________
OKTA reversal, potential 280-290 levelHigh range swings with respect to supply/demand zones. Recently, reversed from Demand zone showing some strength.
Entry above 230 for a 280-290 level growth.
OKTA INTRADAY Scalp off of supportLately coming up with ideas for companies to trade just based on random stuff I have learned through the years .
I published an idea on ABNB and missed my target bounce price .
What I failed to account for in my idea was the supply zone right below - moving forward to this chart I identified the same scenario with OKTA.
Again , I am going verify with tape before taking on this trade but if it holds support and there isn’t heavy selling I expect to run significantly ,
my style is mainly scalping whether it be intraday or swings .
I post these charts so people can add to the idea or verify what I’m seeing .
Im a discretionary trader and most of my entries and exits are based on reading the tape and waiting for a bounce.
I will usually scalp into a position then hold runners if my idea is verified then move onto another similar setup .
Thanks for lookin.
This might work on OKTA! 👍OKTA has a double top in the 30min, and an RSI divergence as well. This indicate weakness, but it is true that OKTA can do something pretty nice, especially if it drops again to the 20ma.
Things could go wrong if it loses the 20ma in the 4h chart. But OKTA ia almost breaking the pivot at 231.81, and this will make it close the gap at 245.
We see no RSI confirmation, but at least, no divergence too. This makes OKTA interesting, but let’s be careful, because it can drop in the 30min chart!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Okta LONGHi i will be posting more ideas on crypto and stocks so follow, like, comment whatever you like :)
This idea is for #okta
Im longing from here, DCA (Dollar cost average) if you can get in near the orange line even better.
If it goes lower DCA more and hold for long term (I swing trade but this stock is good to hold mid/long term)
One of the stocks fool also recommends for long term.
Entry $220 or now if you dont want to wait (downside potential at current price)
Better Entry to DCA if it hits that price based on weekly timeframe =$180-200 however $210 has shown to be good support
Keep in mind this is a tech stock so use caution because rotations are happening is tech sector has been correcting.
Targets: $245, $290, 330
Long Term Target = +$400
OKTA is being used by plenty of employers and with covid this company became useful for employers and employees! Great tech overall.
$OKTA nice push from 50 MA. In Jan 15 260C since yesterdayquite a reverse move today after yesterday's flush to 50 MA. close above 251 would be solid this week for continued momentum. In in Jan 260C yeste
OKTA Earnings Analysis $230 CA butterfly centered around 240, 15 wide would be ideal as strong support is at 224 for VWAP and 230 for .681 fib. Hull is still up and green and symmetry say higher. OKTA 230 closed, gap higher to 240?
OKTA is very technical these days - will the rise continue?These patterns have worked so far nicely. I would switch to lower time-frames for timing the entry and boosting my risk to reward.
However the setup could take a while. I will keep an eye on it.
Trade with care! - chartingfeed
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy"
Fundamental difference between some of the biggest cyber-security companies:
CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities.
OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount.
Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams.
Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
$OKTA Support Breakdown$OKTA Support Breakdown
Big down day today on strong volume breaking through support at $205 as well as at the 20d ema around $204.
Expecting some kind of bounce back tomorrow. Watching for rejection around $204-$205 followed by further declines near term.
Near term target: $180-$190 range
Cybersecurity massive volume!On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart).
As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a single trade into BUG.
10sma towards the $19 range shows short-term support.
Top-10 Portfolio holdings by weight:
OKTA (8.4%)
FTNT (8%)
ZS (6.93%)
Trend Micro Inc (6.09%)
CHKP (5.69%)
NLOK (5.63%)
QLYS (5.61%)
PANW (5.23%)
AVST (4.89%)
PFPT (4.79%)
Total % weight: 61.26%
$OKTA is a Star Facing a Key TestOKTA has been one of the hottest momentum plays in the market over the past two months. We almost saw a trendline break to kick off this week. But the stock recovered on strong trade. Thursday will bring a new critical test.
OKTA Analysis We continue to make higher highs and higher lows inside the bullish channel (ER run up). Expect a small pullback to the 14EMA/PivotPoint at 187.77. Long Wick rejections of this level will give us a good long entry setup with a price target of 199.96.
Options Trade: 5/29 200c after confirmation of bullish continuation
