OKTA

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Lucious Busby
Feb 08, 2025 11:01 AM 0 Answers
Member Since Jan 2024
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Please expound on this stock as if has filled the gap and is nearing the high from back in July. It also pulled back a little on Friday.  Enjoy your service.  Thanks

OKTA looks fantastic! It is in a top 30 industry group and the group is climbing. The daily chart shows an early entry buy point at $99.91.

If we look at the weekly chart we can see it has consolidated in a stage one base for 48 weeks with a standard buy point at $114.50. I would not wait until $114.50 and buy a smaller portion below $100 and see how it handles that level. I would add if it trades through the $100 level, and have a  full position (10%-15%) by the time it trades at $114.50.

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