OKTA

I want to talk about Okta stock today.

You can see that the stock was fluctuating below the 155 level. Then, with the earnings announcement, the numbers and forecasts were excellent. That was the most important event.

The stock jumped right through this area. He never returned to test the gap here. It climbed strongly, and from the top of that gap, it rose by an additional 30%.

Another one is Octa. Same deal. And I got a lot of lines there. Okay. It's similar, little bit different.

So anyway, Octa, that's the gatekeeper says, "Who the hell are you and what do you want and can you do it?" That's essentially uh what this security software is. So this also had a big move today.

Heavier than average volume. Last move was here on earnings. So we got the same thing with Zcaler, choppier there that we did with Octa. Ultimately a move higher. So, this ran higher.

Uh, next up, we've got Octa. Octa guys also cyber security section look at the push up today up 11.98%. Now a couple things now you know what I wanted to have this not drawn yet so silly I'm taking it off.

There's a couple reasons why this octa chart is exploding the way it is. One we broke out of this parallel channel but when we did it look at this breakout retrace and eventually bounce but it took several weeks.

This is the weekly time frame. One of the reasons it took several weeks, guys, because of this declining trend line on the chart. Look at that breakout retrace. Tried to bounce, got rejected, and eventually did bounce break through this declining trend line. So, we're in a significant breakout attempt.