Elliott Wave Technical Analysis: Okta Inc.

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Okta Inc., Elliott Wave Technical Analysis

Okta Inc., (Nasdaq: OKTA): Daily Chart, 17 February 2023.

OKTA Stock Market Analysis: It kept moving as expected after the exited the trade in profit last month. At this point, we can expect a three wave move which seems to have started already and we could be ready to resume lower into wave {c}.

OKTA Elliott Wave Count:  Wave {c} of 2.

OKTA Technical Indicators: Above all averages

OKTA Trading Strategy: Looking for a bottom in wave 2 to then look for longs, we could also double correct and this move could just be wave {a} of 2.

Analyst: Alessio Barretta

Okta Inc., OKTA: 4-hour Chart, 17 February 2023.

Okta Inc., Elliott Wave Technical Analysis

OKTA Stock Market Analysis: It looks like we have had three wave to the downside in wave {a}, however, it could also be counted as five down as a diagonal.  

OKTA Elliott Wave count:  Wave {c} of 2.

OKTA Technical Indicators: 20EMA as resistance.  

ISRG Trading Strategy: Looking for support at around 65$ where we have both 1.618 {c} vs. {a} as well as the highest volume.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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