Equity Trend system went long in Okta #marketimpact @randholmQuant system Equity Trend starts to add long position in Okta, Inc.
OKTA trade ideas
OKTA support at 48First post here so bear with me.
OKTA (in hot S-A-A-S sector) has support at 48 at multiple times. Stochastic oscillator (on 5-day and normal 14-day) is oversold. Placed limit order at 48.05 and got filled.
Target here is in 53-54 range or until stochastic overbought. 53-54 is in range of 13-day EMA in the week or so past earnings date.
Stop loss at $46.
There may be resistance at 13-day EMA at $51.10 or so. If it breaks through, then 53-54 is good possibility. Hopefully this trade makes 10%.
Good luck out there.
Heavy Vol pulled this well past several moving averages200ma on 1hr may offer support for bounce. Weekly candle is looking very bearish if cant move and close up past 53tmrw it will end the week with a bearish engulfing with ultra high volume. suggesting a top and possible move back to low 30s
Cant say you could see this coming1HR MACD curling, 5/10 MA Golden Cross, Bounce off ichimoku Cloud Lower support. close above 66.75 we will see new highs
OKTA bullishNice accumulation after earnings, waiting a breakout with some good volume to get into a long position
Consistent Black DaysSupported with downward signals from oscillators. May shift to a rising three and will be on that lookout in next day
OKTA head and soulder's ( Bearish ) OKTA has formed a clear head and shoulder's with a high volume today. We should expect a breakdown, and drop to 16ish-15ish. Good Luck
