Dec. 6 at 2:12 AM
Actionable Trade Alert for
$OKTA:
Market Context:
$OKTA is currently trading at
$85.9, showing a bullish sentiment with an RSI of 56.72, indicating potential upward momentum. The price is above the 30-day moving average (MA30) of
$84.64 but below the 50-day moving average (MA50) of
$87.09, suggesting a consolidation phase with a possible breakout.
Directional Bias: The RSI indicates room for growth, while the price is approaching the 60-day high of
$96.37. The recent low of
$75.05 provides a solid support level, reinforcing the potential for upward movement.
Trade Plan:
- Suggested Entry:
$86.00
- Stop Loss:
$82.00 (4.65% risk)
- Take Profit Targets:
1. Target 1:
$90.00 (4.65% ROI)
2. Target 2:
$93.00 (8.49% ROI)
3. Target 3:
$100.00 (16.48% ROI)
With a well-defined risk-reward ratio, this plan allows for a strategic approach to capitalize on the potential upside of
$OKTA.
For more insights, visit https://privateprofiteers.com.
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