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17Feb

Okta Inc., Elliott Wave Technical Analysis 17 February 2023

Alessio Barretta |17 Feb, 2023 | 0 Comments | Return|

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Okta Inc., Elliott Wave Technical Analysis 17 February 2023

4Hour

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


Daily

Okta Inc., Elliott Wave Technical Analysis
Okta Inc., (OKTA:NASDAQ): Daily Chart, February 17 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.

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