OKTA - had a bad crash due to bad year-over-year earnings report despite crushing expectations.
Wave count suggests it was due, expanded flat setup, even with a good earnings report, very likely it would've rejected the 93.50 mark on the first attempt.
We're looking for a strong pullback followed by a lot more down-turn, towards the 1.272 expanded flat range of...
NASDAQ:OKTA
In light of rising cloud services and cybersecurity demands, Okta Inc. (OKTA) has reported robust revenue growth in its recent financial statements. Despite the apparent growth, pressures and anticipations in the market have recently weighed on the company's stock.
Over the past 12 months, OKTA has reported an earnings per share (EPS) of -4.29 USD,...
OKTA - 30d - We look to Buy a break of 88.08 (stop at 80.89)
The sequence for trading is higher highs and lows.
Daily signals are bullish.
A break of the recent high at 87.88 should result in a further move higher.
Our outlook is bullish.
This stock has seen good sales growth.
Our profit targets will be 105.48 and 108.48
Resistance: 82.50 / 86.50 /...
Morning*'s valuation implies 2024 EV/Sales multiple of 5.5x.
Forecasted Revenue growth 24% annualized rate over next five years!
TTM Rev Growth YoY was 43%; 206% above sector median! Rev FWD growth is 26% or 142% above sector median.
Expected to become profitable on adjusted OpMargin basis next year and GAAP profitable in 2027 in line with current models as long...
OKTA - 30d expiry - We look to Buy a break of 88.08 (stop at 80.89)
The sequence for trading is higher highs and lows.
Daily signals are bullish.
A break of the recent high at 87.88 should result in a further move higher.
Our outlook is bullish.
This stock has seen good sales growth.
Our profit targets will be 105.48 and 108.48
Resistance: 78.00 / 82.50...
OKTA looks bearish after confirming a downside after revisiting a wedge. I'm bearish until $150. It will need to break $200, a key yearly support to do this.
OKTA - 30d expiry - We look to Buy a break of 88.08 (stop at 80.89)
The sequence for trading is higher highs and lows.
Daily signals are bullish.
A break of the recent high at 87.88 should result in a further move higher.
Our outlook is bullish.
This stock has seen good sales growth.
Our profit targets will be 105.48 and 108.48
Resistance: 87.88 / 90.00 /...
Really like this setup! Stuck in the middle of a huge earnings gap, which I think is going to fill. First target is $77-79 once we clear that it's going to fully fill the gap @90.10
A great swing set up here on OKTA.
Very strong accumulation happening should be a violent increase soon. Feb 10 $73 calls 15 contracts and a mixed long position. Looking for a break above $80.
OKTA - 30d expiry - We look to Buy a break of 74.31 (stop at 68.78)
Short term bias has turned negative.
A break of the recent high at 74.31 should result in a further move higher.
Short term momentum is bullish.
Price action looks to be forming a bullish flag/pennant.
The bias is to break to the upside.
Our profit targets will be 86.96 and 87.96...
OKTA
Short Term - We look to Buy at 73.79 (stop at 59.02)
The medium term bias remains bearish. Trading close to the psychological 72.00 level. Support could prove difficult to breakdown. A higher correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 109.67 and...
