By
Peter Mathers
of
Trading Lounge
Thursday, March 9, 2023 6:47 AM EST
Okta Inc.,(OKTA): Daily Chart, 9 March 23,
OKTA Stock Market Analysis: Moving as expected, we are looking for upside in wave 3 or C, as we are looking at a very shallow wave 2 or B.
OKTA Elliott Wave Count: Wave {i} of 3.
OKTA Technical Indicators: Below 200EMA.
OKTA Trading Strategy: Looking for a pullback in wave {ii} to then look for upside.
(Click on image to enlarge)
Okta Inc., OKTA: 4-hour Chart, 9 March 23
OKTA Stock Market Analysis: It looks like we could be in wave (iv) as we can see a clear five wave move within wave (iii).
OKTA Elliott Wave count: Wave (iv) of {i}.
OKTA Technical Indicators: Above all averages
OKTA Trading Strategy: You could look for very short terms longs within wave (v).
(Click on image to enlarge)
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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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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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