BBTrader29

OKTA Bounce, False breakout

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NASDAQ:OKTA   Okta, Inc.
OKTA i believe is already too extended on its daily chart. It's already on its 5th consecutive day up, it has now pierced the bollinger band, and is overbought on stochastics. I don't think it will have enough steam to warrant a true breakout here, it'll be a bull trap leading back down to the moving averages to find support before it can truly continue upward
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