$OKTA short - technical setup Fib 0.618 rejection
Rising Trendline rejection
Short around or buy PUTs in 248$-252$ range
Target1 - 231$
Target2 - 219$
OKTA trade ideas
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.
Cup and Handle on the 30Min Bullish Cup and Handle right before $250. I see OKTA breaking out before July 2. OKTA should be closing on a gap at $270.
They got their PT raised to $282.
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 Round DownOKTA is showing a rounding formation. It has already rounded down to the 225 area, where its been consolidating. I'm expecting another push downward to complete the rounding formation before earnings is released next week.
$OKTA - C&H or break down? I am watching OKTA for a break down or up.
It could be forming a cup and handle or it could fall down horribly.
The areas I am watching are the diversion on RSI and the volume shelves
OktaSchaut man sich das Chart von Okta an, wird es spannend werden. Aktuell befindet sich Okta noch in einem Aufwärtstrend.
Sollte Okta den kurzfristigen Trend unterstreiten, könnte es erstmal Richtung Süden gehen.
Es bleibt spannend.
BG
ChartIdee
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 Presenting Possible Early EntryI took a position in this one on 4/9 after it just broke above the down trend line. I'm looking to bring this to a full position so I'm waiting to see if we get a small pullback or sideways action. If I miss it and it keeps going up I have a small position. Entry and stop on chart.
Ideas, not investing / trading advice.
OKTA BounceOKTA has run up into a resistance area after a significant run up. It is now overbought and over extended on upper bollinger band and stochastics. I think it will have a pullback here back to the 258 area before it can continue pushing higher.
A chance to buy a slice of this 80 billion market !Read article here
wait for the breakout to happen, do not chase price at this juncture as it is undergoing consolidation. You may get frustrated seeing your profits evaporated and then up again the next few days. So be patient.
Strong support at 193 level and that would be almost 35% discount from the peak , a good discount to grab a strong company in a growing market.
Do your own due diligence !
$OKTA - the fomo is realI'd like to see a CUP form around $274, then maybe a handle.
Whatever the case, I am kicking myself for not listening to the alert I set for $250.
Should be a nice performer, but I do not chase. You cannot enter every trade. A pull back may entice me to enter, long.
$OKTABuy if it takes out the high of days. Should strong sector strength on 04-08 (choppy day). Also time for technology rally.
$OKTA*Speculative play*
Adding on what seems to be a diagonal support - want to see a break out of the wedge to the upside. (If it drops below diagonal support - I would want to see the horizontal support hold)
Daily and 4hr hidden bullish divergence on the MACD and RSI
Stop is below the horizontal support
Target is the 1.618 fib extension as we're at ATH's
Last rally seen the top reverse at the 1.618 fib extension also...
OKTA showed relative strength to NDX in FebruaryExpect earnings beat on March 3rd, but not sure how stock will move.
Easy to make either overvalued or undervalued case at this price level.
I see good risk reward with OKTA here, but have concerns about continued weakness in NDX.
OKTA BounceOKTA ran into previous high at the 287 level. At this level it was showing overbought on stochastics. With it being over bought and running into ATH resistance, i suspect a bounce back to the 271 level. I was able to get the entry at 287 before i could post this.
