OKTA trade ideas
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.
$OKTARising wedge, still has alot of room to run before this turns bearish can play the trendlines till then keep on radar regardless
$OKTA trading within the upper boundary of the PEAD cone$OKTA traded within the projected PEAD cone, mainly staying within the upper boundary after a positive over reaction following its earning release
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OKTA Retest with Round upOKTA is forming a rounding formation and has just crossed over the moving averages remounting over old support at the 248-250 level. This level was the retest level, that it just remounted over. Continuing its rounding trend back toward previous high levels. A break below the retest level would void the trade.
ABC BullishAgain!
OKTA seems to just keep going!
Long term uptrend, but the trend is not eons old..
Surprisingly, there are no bearish rising wedges in the yearly chart..
NV and obv are both very high showing large player interest..
A = 200.6 B = 287.35 Targets calculated using the AB leg. C can not fall under A for pattern to be valid. Target is D..Possible stop under C in a safe place..Long entry level is a break of the BC leg with an uptrend in place so subjective..
Not a recommendation
OKTA expecting a test of the highsPrice has reversed off the 50 EMA and structure, Looking for it to reach previous highs
