OKTA trade ideas
Long over 200 Short under it. Large rev growth, declining RPOOkta announced the pricing of $1.0 bln aggregate principal amount of Convertible Senior Notes due 2026 (180.07)
The notes will be senior, unsecured obligations of Okta. The notes will bear interest at a rate of 0.375% per year. Interest will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2020. The notes will mature on June 15, 2026, unless earlier redeemed, repurchased, or converted.
Okta (OKTA) assumed with a Hold at Canaccord Genuity
Okta target lowered to $205 at BMO Capital Markets (183.92)
BMO Capital Markets lowers their OKTA tgt to $205 from $210
Okta beats by $0.10, beats on revs; guides Q2 EPS above consensus, revs in-line; guides FY21 EPS above consensus, revs in-line (183.92 +4.50)
Reports Q1 (Apr) loss of $0.07 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.17); revenues rose 46.0% year/year to $182.86 mln vs the $171.57 mln S&P Capital IQ Consensus.
Co issues guidance for Q2, sees EPS of ($0.02)-($0.01), excluding non-recurring items, vs. ($0.09) S&P Capital IQ Consensus; sees Q2 revs of $185-187 mln vs. $184.74 mln S&P Capital IQ Consensus.
Co issues guidance for FY21, sees EPS of ($0.23)-($0.18), excluding non-recurring items, vs. ($0.32) S&P Capital IQ Consensus; sees FY21 revs of $770-780 mln vs. $772.26 mln S&P Capital IQ Consensus.
"We are pleased with our continued execution and strong first quarter results," said Bill Losch, Chief Financial Officer of Okta. "Looking ahead, our strong first quarter revenue performance and highly recurring business model give us confidence in reiterating our fiscal year 2021 revenue outlook. In addition, we are improving our operating loss and loss per share outlook for the fiscal year. While we believe it's prudent to continue to expect some near-term business headwinds as the economic impacts from the pandemic further unfold, we remain highly confident in our long-term success as the leader in the massive identity and access management market."
OKTA forming a H&SOKTA might be overvalued and forming an H&S
Disclaimer: This is not an advice to buy or sell!!
BUY to OKTA at market openning Hey traders, OKTA been on a bullish trend support, refusal of sellers sa should decline to go up, breaking the linen trend from above and stabilization zone. See even the second if there is anguish.
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OktaThis stock loos very strong in the mist of this market sale off. Keep an eye on this one. Most likely it will pop to the upside soon. Target $200.
OKTA - Bullish DivergenceLooks to be forming a Pin Bar today with possible Bullish Divergence. Long @ 179 now (or wait to long next day once Pin Bar is confirmed) with initial STOP just below today's low @ 173. Looking at potential move to retest recent high of 205.
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.
OKTA - opportunity to stakeOKTA is forming a pin bar on the 4 hourly with potential bullish divergence. Long @ 185 with initial stop just below today's candle low @ 177.5 for short term upside to the recent hi @ 205 (initial target).
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.
This Setup has More Than 2 Factors!What I see...
:: Those who continue to work remotely will know this company as they provide the 2-factor authentication services to major corporations
+ Prices fell below 10ma right before earings
+ Post earnings, the prices bounced back strong to close near all-time high on very high volume
+ RSI is pointing upward
+ MACD is about to cut upward as well
- RSI look to step into overbought territory
- MACD is still technically under the signal line
- Round numbe resistance at $200
What I setup...
+ Long entry into all-time high
- Sto pat under Friday's low
+ Target at 1.618Fib
:: Duration - 5 to 10 sessions
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$OKTA is a Star Facing a Key TestOKTA has been one of the hottest momentum plays in the market over the past two months. We almost saw a trendline break to kick off this week. But the stock recovered on strong trade. Thursday will bring a new critical test.
OKTA Analysis We continue to make higher highs and higher lows inside the bullish channel (ER run up). Expect a small pullback to the 14EMA/PivotPoint at 187.77. Long Wick rejections of this level will give us a good long entry setup with a price target of 199.96.
Options Trade: 5/29 200c after confirmation of bullish continuation
Strong growing channel before earnings dateEntry price – 192.85 $.
TP1 – 194.81(+1,02%), TP2 – 196.63(+1,96%), TP3 – 199.65(+3,52%).
SL – 189.97(-1,5%).
$OKTA -- shorting this pre ER parabolic piece of shit$OKTA look at this insane parabola. shorting it pre-ER nuff said
Okta Inc (OKTA - US) - 5 wave sequence over - time to correct Okta Inc (OKTA - US) has completed one clear five wave up impulse sequence from bottom. It is on all time high stock, so not a good sell idea. But of course right now it’s not a good buying idea too. Wait for next 3 wave correction to buy for further up.
Some more gas left to reach 165and then drop? May may be a hell...
Those trend lines should help in navigating your trades...
OKTA Bounce, False breakoutOKTA i believe is already too extended on its daily chart. It's already on its 5th consecutive day up, it has now pierced the bollinger band, and is overbought on stochastics. I don't think it will have enough steam to warrant a true breakout here, it'll be a bull trap leading back down to the moving averages to find support before it can truly continue upward
Okta Inc On breakout alert
Alert set for break above $143, possibly good long entry
RSi has room to run higher
MACD and Histogram Bullish
Strong fundamentals
