OKTA Earnings Analysis $230 CA butterfly centered around 240, 15 wide would be ideal as strong support is at 224 for VWAP and 230 for .681 fib. Hull is still up and green and symmetry say higher. OKTA 230 closed, gap higher to 240?
0OK trade ideas
$OKTA with a Bullish outlook following its earning releaseThe PEAD projected a Bearish outlook for $OKTA following its earning release after a positive over reaction following the announcement placing the stock in Drift B
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OKTA MEGAPHONE (possible warning!)Looks like Okta is moving towards the top of the megaphone. That could signal danger in coming months.
$OKTA - enough for meWatching this one intra day for a call option entry. It does not have all the technicals pointing in the ideal direction, however the trends show potential for it climb a bit more.
On watch for a cloud resurgenceBack in the consolidation zone, breakout lead to a nice move last time.
ABC BullishPattern only valid at or over LE level with an uptrend
Possible T2 284.5 to 307.7. These are long term targets
Possible stop below C
NV is high OBV is high showing large players interest
Negative Volume (NV) is volume on down days. Positive volume is volume on up days, which is usually when the general public buys
No rising wedges in yearly chart
Just an observation
Catch the pre-earning movementOKTA it is difficult to go more down. Expecting a pre-earning bull run from here.
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
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.
OKTA Triple TopOKTA has formed a triple topping pattern, which is a big sign for a breakdown. I expect this to break 193 support and head lower to the next level of support at $175 range. It has also already tested this support level 6 times, with each test weakening the supply.
OKTAOKTA needs to clear $230. Showing some RSI divergence but it is consolidating after a nice run from March
$OKTA Potential Long Above $209
As earnings approach we may get a rally into the Aug 27th print.
Potential level of resistance now on the weekly which we clear above $208
Upside target $215
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!
OKTA is very technical these days - will the rise continue?These patterns have worked so far nicely. I would switch to lower time-frames for timing the entry and boosting my risk to reward.
However the setup could take a while. I will keep an eye on it.
Trade with care! - chartingfeed
$OKTA Support Breakdown$OKTA Support Breakdown
Big down day today on strong volume breaking through support at $205 as well as at the 20d ema around $204.
Expecting some kind of bounce back tomorrow. Watching for rejection around $204-$205 followed by further declines near term.
Near term target: $180-$190 range
$OKTA - C&H breakout - Potential target $234$OKTA has been showing nice strength since cup and handle breakout. Potential target is $233.
Stop loss can be placed at the recent breakout area $204.
