OKTA headed for a retest of the range?
Updated
OKTA got crushed trying to breakout of the narrowing range. And fell out of it. It may have finally found support around its March 30 2021 low. It closed Wednesday just at the 100% level($219.51) of this inverse extension. Friday it not only gapped up slightly while the rest of the market sold off it retested and held the $219.51 level and closed the day at $222.69. I’m looking for OKTA to push back up to test the $230.80 level and beyond to try breaking back into this triangle. If it can do that I will follow these levels up to try for another breakout.
Trade active
Entered this morning after the retest of the $219 level looking to fill the $226.05 gap and move toward $230.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.