Okta has been on a tear since the March lows and has finally started to pull back like the rest of the tech sector.
The real question is, can it sustain this rally? I would expect a pullback to at least around $175.00 at the minimum. There is clearly RSI and MACD Divergence. Maybe a good short opportunity if it breaks the $196.00 level.
As always, I am not a financial advisor and this is not financial advise. Do your own research and formulate your own theories. Good Luck!
The real question is, can it sustain this rally? I would expect a pullback to at least around $175.00 at the minimum. There is clearly RSI and MACD Divergence. Maybe a good short opportunity if it breaks the $196.00 level.
As always, I am not a financial advisor and this is not financial advise. Do your own research and formulate your own theories. Good Luck!