Okta LONG
Updated
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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.
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.
Trade active
took some profit - in case we head lower.Note
we can head to 246 area now. be careful and set stop loss if you want to lock in profit. this is a healthy correction i do not look at fundamentals for trading mostly just TA so if you are holding long term nothing to worry about we can head to 240-250 and continue higher from there.
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