OKTA surging on earnings post-bounce; 185 identified as first shortable level.
“Bull Market SURGE As Nvidia, Salesforce and Crowdstrike BLAST! Watch For This Mega Money Rotation”
Verified InvestingPublished Aug 27 · 2 passages
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Octa big move up too. I mean man oh man. Almost every stock here except for I believe HPQ. I think Best Buy is down a little bit. Uh but Dollar General was up. But most tech names that reported are having great moves this morning.
So Octa surging on earnings here guys. And again, we have to zoom out to kind of get our bearings. This was another one that had gotten beat down but bounced back recently.
In terms of a level, there will be a little bit of a level here around 185. I know it's $20 away, but on the honestly, these stocks can move very easily into that level. That'll probably be my first shortable level on Octa there.
What this channel has said about $OKTA
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2026-08-27Bullish
Next up, another big earner, guys, Okta. OKTA up 28%. Look at this tech lift off. Un- Incredible, guys. Now, this in Okta, honestly, has been in the making for the past several years as far as this breakout is concerned. But near term, look at this on the daily chart. You can see this breakout retrace bounce retrace bounce retrace pierced about to break down much like the Nvidia chart breaking beneath that trendline right before earnings. Investors trimming getting out of potential, you know, a big whip to the downside on the stock. But as we see here, this simply was another test of the top of of the parallel channel. All of this ended up being consolidation. As we zoom out further with this extended breakout getting above this consolidation, you can cleanly see where the next destination of Okta is likely to take us. Very nice break of that parallel channel. But when I scroll back out, look at this, guys. We've got an M
Quote at 16:15 ›Direction flip
2026-08-27This one
Octa big move up too. I mean man oh man. Almost every stock here except for I believe HPQ. I think Best Buy is down a little bit. Uh but Dollar General was up. But most tech names that reported are having great moves this morning. So Octa surging on earnings here guys. And again, we have to zoom out to kind of get our bearings. This was another one that had gotten beat down but bounced back recently.