BBTrader29

OKTA Bounce, False breakout

Corto
NASDAQ:OKTA   Okta, Inc.
OKTA i believe is already too extended on its daily chart. It's already on its 5th consecutive day up, it has now pierced the bollinger band, and is overbought on stochastics. I don't think it will have enough steam to warrant a true breakout here, it'll be a bull trap leading back down to the moving averages to find support before it can truly continue upward
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.