OKTA trade ideas
$OKTA: Trend is down...Nice setup here, daily signal just popped, can fall a long way from here if it works.
Best of luck!
Cheers,
Ivan Labrie.
OKTA longReally like this setup! Stuck in the middle of a huge earnings gap, which I think is going to fill. First target is $77-79 once we clear that it's going to fully fill the gap @90.10
BUY OKTA SWING A great swing set up here on OKTA.
Very strong accumulation happening should be a violent increase soon. Feb 10 $73 calls 15 contracts and a mixed long position. Looking for a break above $80.
Okta in a flag?OKTA - 30d expiry - We look to Buy a break of 74.31 (stop at 68.78)
Short term bias has turned negative.
A break of the recent high at 74.31 should result in a further move higher.
Short term momentum is bullish.
Price action looks to be forming a bullish flag/pennant.
The bias is to break to the upside.
Our profit targets will be 86.96 and 87.96
Resistance: 74.18 / 78.00 / 87.50
Support: 66.00 / 62.40 / 60.00
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$OKTA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $OKTA after a Positive Under reaction following its earnings release placing the stock in drift A.
OKTA BULLISH SETUPThe asset has been on a major bearish swing and it has now gained great momentum around its $80 support aiming for a swing to the following targets.
OKTA: Oversold?OKTA
Short Term - We look to Buy at 73.79 (stop at 59.02)
The medium term bias remains bearish. Trading close to the psychological 72.00 level. Support could prove difficult to breakdown. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 109.67 and 120.00
Resistance: 110.00 / 139.00 / 200.00
Support: 72.00 / 50.00 / 30.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
$OKTA Inverted Cup and HandleER today 8/31 AMC, inverted cup and handle on the weekly chart could send it.
OKTA | SHORT | 24 Jul 2022IMO OKTA can trade below $100. if the market will go down my price target is about 90's
$OKTA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $OKTA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
Okta looks like a bullish breakout? The day charts on growth stocks back during the last crash of March 2020 looked like a very similar pattern just before forming the golden cross that lead to their recovering and marking their bottom, coming off the death cross that began their crash from all time highs. Oktas earnings have stayed consistently outperforming according to the tip ranks data shown on the day chart. If next earnings continues to do the same it could be the positive catalyst they need to fuel a recovery boost back upwards. This is a highly speculative outlook considering the uncertainty in the markets current conditions. Although if positive catalysts start showing up and their is a bounce upwards it would look all correct in the chart as far as patterns go.
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OKTA- BULLISH SCENARIOHuge volatility for OKTA
Yesterday the price closed with almost 11% gain for the session and added 18% more in the after-hours session after the release of the earnings report.
The next major resistance is located between $ 116 and 122. If the breakout of the 2nd resistance is successful the price will be pushed to 0.382 Fibo level or $ 150
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OKTADrawing Supply and Demand zones for OKTA. I love this product . It is the leader in Identity and Access management tools. It is still downtrend on Daily chart. Comments are welcome!
$OKTA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $OKTA after a Negative Under reaction following its earnings release placing the stock in drift D.
OKTA identity software bottoming; watch reaction @157 midboxOKTA is already basing out with RSI holding support & now slightly up while prices fall, showing some divergence. Of course it may still fall a little with max pain at the 125 red zone but right now it recovered
50% of the potential consolidation box at 157 midpoint.
Watch carefully tomorrow the reaction at 157. If It bounces up, 191 will be the target TP level. If it will be rejected down, then there will be a retest of low of box or even down to the red max pain box.
Not trading advice
OKTA ideaTrading lower in big supply zone and touch long term VWAP. Look for blowoff or resume over 13bar of buy countdown. Non good news:downgrade, sell insider and under attack of hacher..
Okta (OKTA) shares were down 8% in Wednesday trading after Raymond James downgraded the software company to market perform from strong buy.
Trading volume rose to 4.5 million shares, versus the daily average of 2.3 million shares.
Price: 152.18, Change: -14.25, Percent Change: -8.56
Christopher K Kramer, Chief Accounting Officer, on March 15, 2022, sold 1,035 shares in Okta (OKTA) for $158,275. Following the Form 4 filing with the SEC, Kramer has control over a total of 13,612 shares of the company, with 13,612 shares held directly. The market value of the direct and indirect holding, based on the transaction price, is approximately $2,081,585.
Price: 162.5, Change: +1.38, Percent Change: +0.86
OKTA at Strong SupportIf you haven`t sold OKTA because of the bearish trendline it entered:
Then you should know that the falling wedge reached its target and is now ready to bounce back from the strong support.
My price target is $174.
Looking forward to read your opinion about it.
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 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.
OKTA headed for a retest of the range?OKTA got crushed trying to breakout of the narrowing range. And fell out of it. It may have finally found support around its March 30 2021 low. It closed Wednesday just at the 100% level($219.51) of this inverse extension. Friday it not only gapped up slightly while the rest of the market sold off it retested and held the $219.51 level and closed the day at $222.69. I’m looking for OKTA to push back up to test the $230.80 level and beyond to try breaking back into this triangle. If it can do that I will follow these levels up to try for another breakout.
