OKTA - CupnHandle Trade Setup! 61% Upside🚨 H5_L Trade Setup NASDAQ:OKTA 🚨
NOT EVERYTHING IS IN FREEFALL!
🍵BREAKOUT = 🎯$139 🎯$185
Entry: $117.29
5/1 RR - S/L: $103.55
Not in a straight line though friends!
NOT FINANCIAL ADVICE
OKTA trade ideas
OKTA - Breakout and retestMissed the perfect entry on the retest at 88 but looks primed to hit 140. Let's see if the strength continues. Today's 17M volume beat the avg 30d 3M, looks strong. GL!
Stock Of The Day / 03.04.25 / OKTA03.04.2025 / NASDAQ: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 BULLISH AT CURRENT PRICE 24 Jan 2025OKTA is looking very good at cmp but personally I would love to see more consolidation but this can form a green candle easily.
I will go long at current price if it lets me take an entry.
If you have any dou ts then feel free to leave a comment
One Good Trade: OKTA Is A Prime Complex PB Candidate OKTA has a few components that we have talked about in recent days and I normally like these plays when the greater market plays nicely. In this case it doesn't look like we can get filled on a stop order. If that happens, I would like to keep this on a list for a second bull leg break out.
Here are the pattern traits we can see in OKTA:
* Earnings Gap
* Holding earnings support
* Complex pullback
* Breakout of a complex pullback
I have previously discussed all of these traits in other videos.
Good Luck and Good Trading!
OKTA bull flag inside a bull flagNASDAQ:OKTA had a great earnings report and is currently bull flagging on the daily...
on the monthly chart we can see a bigger compression happening and the daily consolidation is happening at the top of the monthly resistance...
it has also successfully tested and closed above the 9/21 EMAs on the daily
a breakout can lead to a big move
alerts are set on the daily flag, for now
$OKTA consolidation in bullish flag/pennantNeed to wait for confirmation of breakout from flag/pennant.
Q3 provided bullish fwd guidance for Q4 which reports Feb '25. Fy25 will have a product portfolio with incremental innovation to grow vs. base period. Fy23 data breach issues mostly in the base period now.
OKTA forming a cup and handle pattern (BULLISH)Okta recently came out with earnings and we saw a surprise on all aspects of its numbers and EPS positive surprise of ~15%. On the technicals, it seems to be forming a cup and handle pattern which is considered very BULLISH. Together I expect this stock to rally over the short term with an upside of over 20% from here. 100 $ here we come!!!
OKTA: When TA is upgraded to artOKTA: When TA is upgraded to art
-Long term ABCD pattern.
-Quasimodo pattern.
-Less volume on consolidation range from the May 22 up to now.
-Demand vol confirmed last week.
Good buying entry when backtest.
.
Wait n see
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OKTA: 250-290 We have reached the bottom, but watch out for Volume changes and check Options Chain. We could see 250 in Medium Term.
$OKTA - It will most likely break through this timeNASDAQ:OKTA The combined resistance of the 200DMA and the trendline is making it hard to break through. But if it retests the trendline, it will most likely break through it.
Targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Can Identity Security Redefine the Future of Digital Trust?In the labyrinthine world of cybersecurity, Okta Inc. emerges as a beacon of strategic innovation, transforming the complex landscape of identity management with remarkable financial resilience. The company's recent economic performance reveals a compelling narrative of growth that transcends traditional technological boundaries, showcasing how strategic investments and technological prowess can turn potential vulnerabilities into competitive advantages.
The digital landscape is becoming increasingly defined by complex security challenges, and Okta has established itself as a key player in this critical area. With a subscription revenue growth of 14% and strategic investments of $485 million in research and development, the company shows a strong commitment to advancing the possibilities in identity and access management. This approach is not just about providing technological solutions; it embodies a comprehensive vision for creating secure and seamless digital experiences that enable organizations to effectively navigate the increasingly intricate technological environment.
Despite facing significant market challenges, including intense competition and cybersecurity threats, Okta has transformed potential obstacles into opportunities for innovation. By maintaining a laser-focused approach to workforce and customer identity solutions, the company has survived and thrived, turning operating losses into a pathway toward profitability. The transition from a net loss of $81 million to a net income of $16 million underscores a strategic metamorphosis that challenges traditional narratives of technological enterprise, suggesting that true innovation emerges not from avoiding challenges, but from confronting them with intelligent, forward-thinking strategies.
As digital transformation continues to reshape enterprise security, Okta stands at the forefront of a critical revolution. The company's journey illustrates a profound truth: in an era of unprecedented technological complexity, the most successful organizations can transform uncertainty into opportunity, security into innovation, and technological challenges into strategic advantages. Okta's trajectory is more than a corporate success story—it's a testament to the power of visionary thinking in an increasingly interconnected world.
12/3/24 - $okta - Long print ~$80, setup B+12/3/24 :: VROCKSTAR :: NASDAQ:OKTA
Long print ~$80, setup B+
- if one thing is clear, it's that beats and misses are ultra-super-duper-did-i-mention-ultra magnified these past Q's and especially this 3Q reporting season
- the beats, however, are sending stuff ape'ing so if you can find decent setups, it probably pays to neck out a bit until the punch bowl gets taken away
- i have followed NASDAQ:OKTA for a while and made a private comment (prior to opening up my writing) earlier this year. the math just didn't make a ton of sense to me then, SBC was still an issue, valuation was not obvious and it proved to be pretty spot on - the stock has effectively been dead money
- but given the beats we've seen from panw, zs (albeit stonks haven't really reacted - but valuation for these is in the stratosphere which is why i've just been in watch mode), okta presents an interesting case where if you look at google trends (as it's a consumer facing B2B)... they're squarely up and to the right. with all the russia russia russia, china china china rhetoric... identity mgmt remains a great "factor"
- while again, the SBC issue does rub me the wrong way, the stonk isn't broken, momentum is good and so i'm not going to count it against the valuation just yet which puts cash yield in the 5% range growing >10% which... with a unique biz is a good setup.
- again PE in high 20s... i think u can do better e.g. i love NYSE:TSM most of all tech-related names (i don't put NASDAQ:NXT in that bucket, which is my largest single name and consider more "infra-energy"), but again... a beat, a raise, any positive speech could easily send this NASDAQ:OKTA to fil it's sub $100 gap from last Q.
- i'm not wed to it tho, i'm borrowing some upside using Jan ITM calls, so any down move if it's -10-15% or w/e i can decide to reload, adjust etc and won't hurt the bank of V. but if it runs, it's probably a multi-day situation as we've seen with a lot of the recent beats esp given the current tape.
what do u think?
V
OKTA looking bullish Dec 3 2024OKTA is looking good to go long at current market price(cmp).
When we long at cmp the only issue is that the SL would be big.
Target would be $95++
If you have any doubts then feel free to DM me
OKTA $OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024OKTA NASDAQ:OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024
BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
NASDAQ:OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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OKTA Options Ahead of EarningsIf you haven`t bought OKTA before the previous breakout:
Now analyzing the options chain and the chart patterns of OKTA prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2025-5-16,
for a premium of approximately $7.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OKTA analysis#OKTA looking good on the alltime-chart.
Expecting turnaround in near future.
Short timeframe no clear bottom formation visible yet.
Big picture very clear. Elliott-Waves adding up nicely.
61.8% Fibonacci-Retracement hit perfectly on log-chart.
$OKTA - Bargain or a falling knife?Okta ( NASDAQ:OKTA ) is trading inside a descending broadening wedge and starting to form a base from which it could launch.
However, there is a risk that breaking below the current support level could be disastrous for the stock. Knowing that risk, would you bet on it?
This earnings report (ER) is going to be a make-or-break event for the stock.
Targets are shown in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Okta - identity crisis?We appear to be in an Expanding Diagonal pattern. I believe Okta still has some room to go and we should get a final wave to the upside.
Currently we are in correction territory and so there may be an opportunity to go long here. The ideal entry will be around the golden fib retracement and within the Expanding Diagonal support confluence.
I am merely bringing this to your attention, keep an eye on it. Not financial advice
OKTALooks like $94 to 96 move is possible within the next couple of weeks provided market holds steady. Not a recommendation.
OKTAI bought OKTA several months ago, after the flat - gap up - and after some pullback.
An evident mistake. ALthough, seems like it is printing a diagonal structure, and has decent long-term potential. In anyway, will exit as soon as price reaches my entry level
OKTA Buy while cheapEntry at or above 90
Stop loss 83.80
Safety Target 96.20
Look for at least 10 to 1 to final target
OKTA - Time to go long?This is my 2nd stab at OKTA Long trade.
It filled the Gap below from the last earnings Gap up and seeing a bid here today.
Starter long entry anywhere here 85-90, if it holds 90 this time, we can add more position size.
Target#1 - 100
Target#2 - 120
Target #3 - 144, after some drama
Stop Loss - below 85
