First post here so bear with me.
OKTA (in hot S-A-A-S sector) has support at 48 at multiple times. Stochastic oscillator (on 5-day and normal 14-day) is oversold. Placed limit order at 48.05 and got filled.
Target here is in 53-54 range or until stochastic overbought. 53-54 is in range of 13-day EMA in the week or so past earnings date.
Stop loss at $46.
There may be resistance at 13-day EMA at $51.10 or so. If it breaks through, then 53-54 is good possibility. Hopefully this trade makes 10%.
Good luck out there.
OKTA (in hot S-A-A-S sector) has support at 48 at multiple times. Stochastic oscillator (on 5-day and normal 14-day) is oversold. Placed limit order at 48.05 and got filled.
Target here is in 53-54 range or until stochastic overbought. 53-54 is in range of 13-day EMA in the week or so past earnings date.
Stop loss at $46.
There may be resistance at 13-day EMA at $51.10 or so. If it breaks through, then 53-54 is good possibility. Hopefully this trade makes 10%.
Good luck out there.
Nota
Got a close slightly above 13-day EMA. Hopefully this provides some support.Dagangan ditutup secara manual
Closed the trade early and called it a week. There's some jitters in the market, so I took a profit here. Sold at roughly $52.50.$52.50 - $48.00 = $4.50 / $52.50 = 8.6% return roughly in 8 calendar days. Annualized, this is pretty good.
Good luck out there!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.