OKTA trade setupEntry level above weekly resistance $119.18.
Target price below daily resistance $124
Stop loss $117.35
0OK trade ideas
OKTA Put SpreadOKTA Put Spread Jan 17 Exp Spread is 115/110,
2.05 Cost, Max gain is $100, max loss is the same if it moves higher to 122, it looks to be moving into a deeper correction into support with ER being mediocre.
$3.05 exit price.
Delta risk is (0.45) Low odds by delta but it looks like a good trade.
ATH testBeen all over this one. Im thinking OKTA can test ATH from here or make new ATH, buy time on calls may need to flag first.
OKTA can go till 137 if it holds current price of 126.05The current trend, Heiken Ashi, previous resistance indicate it can north bound to 137 if the price holds of 126.05
W Bottom in Okta Inc. BullishEntry level $125 = Target price $144 = Stop loss $120
Nice double bottom plating out and today's upgrade is great fuel to that move.
Todays upgrade
Okta pullback represents 'good entry point,' says DA Davidson. As reported earlier, DA Davidson analyst Andrew Nowinski upgraded Okta to Buy from Neutral and raised his price target on the shares to $135 from $131. Nowinski said that while shares have declined 24% since the end of July, he believes the pullback represents a "good entry point" to get into one of the top Software-as-a-Service growth stocks. The analyst added that he believes the stock is capable of generating over 30% growth for the next four-plus years, combined with a free cash flow margin of 20% or higher.
thefly.com
Short interest 9.48%
Company profile
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.
$OKTA Long above 118 targeting 125 Short below 113 targeting 100Good indicators setup for bullish continuous targeting 125 after passing 118 stoploss for longs at 114.5 if break recent support at 113 then became negative and targeting 106 - 100 . On larger scale remained short
buy only above 119.75 or sell below 113.25confused but chart speaks a lot
buy only above 119.75 or sell below 113.25
OKTA short setup with RSIThe RSI is at the important resistance and the price has touched upper trend line four times
Looking for short action.
OktaLooking bullish- closed above 107.65 which acted as resistance on daily. MACD trending bullish too. If it opens green has room to run
$OKTA Time to nibble on OKTA again. In reversal.It may be time to start nibbling at OKTA again after a horrendous few months for the stocks and indeed the entire sector.
The next resistance to the upside is at $115 and having regained the 200 MA should help.
Indicators have all reset and are in reversal mode.
The stock is well off the average analysts price target of $143.
Short interest remains high at 9.5%.
Company profile.
Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services. Okta was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.
Parabolic Arc Trend on OKTAOKTA Put Spread 105/100 Cost was
$2.07 was the put cost. EXP Nov 15.
we'll see how it pans out looks like the pattern is breaking down.
Max gain will be 50% or $150 and max loss is the same
