OKTA 
OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024
BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, earnings, earningsplay, earningsreport, upcomingearnings, oktaearnings, $oktaearnings,OKTA, oktaearningsreport, oktatrades, oktatrade, oktarange, oktapricerange, oktatradesetup, oktaanalysis, oktarangelevels, oktapricelevels, oktaoptions, optionstrading,
OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, earnings, earningsplay, earningsreport, upcomingearnings, oktaearnings, $oktaearnings,
OKTA, oktaearningsreport, oktatrades, oktatrade, oktarange, oktapricerange, oktatradesetup, oktaanalysis, oktarangelevels, oktapricelevels, oktaoptions, optionstrading, Not
Just noticed the post was dated as November 3rd, this is for December 3rd.Not
Looking at the Daily timeframe, it appears that OKTA may have broken the top level of the range. However; dropping to the 1h, we can see that it has visited this area before.Daily View:
1H View:
Not
Earnings have been released! OKTA shoots up to my level at 99.00 and goes sideways.1H View:
Not
Price has pulled back and is floating at my level at 86.50.1H:
Not
Price has pulled back and is consolidating to form an ascending triangle pattern around my level at 86.50. 1H:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/Cm6fXcbw4h
discord.gg/Cm6fXcbw4h
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.