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Okta Inc., Elliott Wave Technical Analysis

Okta Inc., (Nasdaq: OKTA): Daily Chart, 12 May 2023.

OKTA Stock Market Analysis: Looking for upside resumption into wave 3 as we seem to have completed a three wave move into wave 2.  

OKTA Elliott Wave Count: Wave {i} of 3.

OKTA Technical Indicators: Above 20EMA.

OKTA Trading Strategy: Looking for longs into wave {iii} after we get a successful three wave move pullback.

Analyst: Alessio Barretta

Okta Inc., OKTA: 1-hour Chart, 12 May 2023.

Okta Inc., Elliott Wave Technical Analysis

OKTA Stock Market Analysis: We can identify a three wave move into wave {i}. It looks like we are in some sort of a triangle or sideways movement into wave (iv) and we should be resuming higher.

OKTA Elliott Wave count: Wave (iv) of {i}.

OKTA Technical Indicators: Above all averages.

OKTA Trading Strategy: Looking for further upside into wave (v) which could be traded intraday, to then expect a three wave move pullback into wave {ii}.

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