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Okta Inc.(OKTA:NASDAQ) Elliott Wave Technical Analysis 25 May 23


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Okta Inc., Elliott Wave Technical Analysis
Okta Inc., (OKTA:NASDAQ): Daily Chart, 25 May 23,
OKTA Stock Market Analysis: We have been moving as expected after an extended wave {c} of 2. We are looking at a potential wave {i} to be near completion, if not completed already.  
OKTA Elliott Wave Count: Wave {i} of 3.
OKTA Technical Indicators: Above 200EMA.
OKTA Trading Strategy: Looking for further upside into wave {i} to potentiall break the top of wave 1.
TradingLounge Analyst: Alessio Barretta
 
OKTA_5_25.thumb.png.cd2b355f017511e8f99b835e89f44690.png
 
 

 
Okta Inc., OKTA: 4-hour Chart, 25 May 23,
Okta Inc., Elliott Wave Technical Analysis
OKTA Stock Market Analysis: We are looking at the potential last move higher into wave (v) as we seem to be getting the second largest retracement of the entire up move off the lows in wave {c}.
OKTA Elliott Wave count:  Wave (iv) of {i}.
OKTA Technical Indicators: Above all averages.
OKTA Trading Strategy: Looking for upside into wave (v), with invalidation level where the red line is.
OKTA_4H.thumb.png.37e0fd27ccc639c3ae532efb654540a7.png
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