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Okta, Inc.Okta, Inc.Okta, Inc.

Okta, Inc.

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OKTA trade ideas

OKTA - January 3, 2020OKTA provides identity management services for business through integrating local servers with the Okta Identity Cloud. This platform enables enterprise clients to have users sign onto a variety of applications using a single secure identity login across all platforms. OKTA has a high lifetime value of customers as churn in this industry is considered to be relatively low. The company expects 30% CAGR to revenue growth through 2024, and trades at a lofty 40x sales multiple. It has had a healthy pullback as year end portfolio rebalancing saw money flow out of growth, now representing a strong buying opportunity for the stock.
NASDAQ:OKTALong
by AptitudeFinancialAdvisory
OKTA - Blue Sky BreakoutThis is the infamous Moonshot blue sky breakout play here for OKTA. Just had news that it is being added to the NASDAQ 100 as well, so this should see a nice pump. Going long on break of 254, with the following price targets: PT 1: 258.89 PT 2: 269.76 PT 3: 279.27 I personally use OKTA for work as well and it is a gamechanger. With large enterprise companies shifting their focus rapidly to ensuring a better-connected tool stack ecosystem, OKTA has been a massive beneficiary of the acceleration of digital transformation.
NASDAQ:OKTALong
by GlitchSPX
Megaphone Pattern?Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. Also referred to as an ascending broadening wedge and an inverted triangle. This pattern appears after a strong trend up or a strong trend down When the pattern is forming it represents that the bulls and bears are fighting to build control of the stock. The pattern takes place when the bulls take the prices higher. At the time of formation of the Megaphone Top, then again, bears make the prices fall because of which lower lows are formed. There are bearish megaphone patternis and bullish ones as well. Neutral/just an observation I guess if you really like this stock you can swing trade inside of it Not a recommendation
NASDAQ:OKTA
by lauralea
OKTA - Triple Top??OKTA has formed a triple top pattern (potentially bearish). Despite the last top to be higher than the 2nd, a bearish divergence formed and it came down very quickly to the "neckline" @ 193. The odds of it breaking below 193 have increased and should it have a close below 190 then the downward trend is set in motion until the next support @ 173-177 Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
NASDAQ:OKTAShort
by Juliac
OKTA - Protect Yo IdentityOkta has been on a tear since the March lows and has finally started to pull back like the rest of the tech sector. The real question is, can it sustain this rally? I would expect a pullback to at least around $175.00 at the minimum. There is clearly RSI and MACD Divergence. Maybe a good short opportunity if it breaks the $196.00 level. As always, I am not a financial advisor and this is not financial advise. Do your own research and formulate your own theories. Good Luck!
NASDAQ:OKTA
by ChrisPtaco_32