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