abhigargin

OKTA - wait for it to be come down between 108-111, then buy

NASDAQ:OKTA   OKTA INC
OKTA has a strong chance to grow off of a strong support lvl of around 108 to 111. It's been tested for past few weeks.

From the Gann , it had crossed low 80's at 1/8, mid-80's at 1/4, low 90's at 1/3, then mid-90's at 1/2 and finally stable at 1/1 around 107. In the next phase, it jumped to 113 last week, could drop down to between 108-111, then next stop for Gann cutoffs could be around 120 for 3/1, then mid-120's for 4/1 and strong resistance at 130 for 8/1. Time to invest now, and sell later.

Btw, don't expect it to reach to 130 anytime soon, definitely not in 2-3 weeks. It could take quite a significant time. It needs more time to stabilize in the range of 105-120 to build a strong support there. Expect equal volumes buying/selling for sometime, then a lot of buying after quite some time.

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