Mar. 9 at 11:18 PM
$OKTA pressing against a multi-year S/R level at
$79.70.
This line has been tested multiple times since 2022. Author circled every touch. Price flushed to
$65.96 and is now recovering back to retest it from below.
Bull case: reclaim
$79.70 cleanly →
$81.16 →
$83.11 →
$89.65. S/R flip confirmed.
Bear case:
$79.70 stays resistance, rejection back toward
$73 →
$69 →
$65.96 retest.
Honest read: this doesn’t have the capitulation signals of
$ZS $CRDO $SHOP this week. RSI neutral, volume normal. It’s a level play, not a washout bottom.
Level-dependent only.
$79.70 reclaim on a closing basis = interested. Below it = watching.
#OKTA #cybersecurity #hovdid