Okta Inc., Elliott Wave Technical Analysis

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

OKTA Stock Market Analysis: We have been looking for upside continuation after a five wave move into wave 1 and sideways consolidation into what could be either wave 2 or B.  

OKTA Elliott Wave Count: Wave 2 or B of (A)/(W).

OKTA Technical Indicators: Above all averages.  

OKTA Trading Strategy: Looking for longs on the way up into wave {v}.

Analyst: Alessio Barretta

Okta Inc., OKTA: 4-hour Chart, 12 September 2023

Okta Inc., Elliott Wave Technical Analysis
OKTA Stock Market Analysis: We see how we have exploded higher into wave {iii} with an upside thrust, typical of a wave {iii}. Looking for a potential pullback into wave {iv} to then look for longs. Minimum upside target is 0.618 3 vs. 1 at 104$.

OKTA Elliott Wave count:  Wave {iii} of 3/C

OKTA Technical Indicators: Above all averages.  

OKTA Trading Strategy: Looking for longs into wave {v}.

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