OKTA $OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024
OKTA 
OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024
BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, earnings, earningsplay, earningsreport, upcomingearnings, oktaearnings, oktaearnings,OKTA, oktaearningsreport, oktatrades, oktatrade, oktarange, oktapricerange, oktatradesetup, oktaanalysis, oktarangelevels, oktapricelevels, oktaoptions, optionstrading,
OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, earnings, earningsplay, earningsreport, upcomingearnings, oktaearnings, oktaearnings,
OKTA, oktaearningsreport, oktatrades, oktatrade, oktarange, oktapricerange, oktatradesetup, oktaanalysis, oktarangelevels, oktapricelevels, oktaoptions, optionstrading, Note
Just noticed the post was dated as November 3rd, this is for December 3rd.Note
Looking at the Daily timeframe, it appears that OKTA may have broken the top level of the range. However; dropping to the 1h, we can see that it has visited this area before.
Daily View:
1H View:
Note
Earnings have been released! OKTA shoots up to my level at 99.00 and goes sideways.
1H View:
Note
Price has pulled back and is floating at my level at 86.50.
1H:
Note
Price has pulled back and is consolidating to form an ascending triangle pattern around my level at 86.50.
1H:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
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.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
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.