OKTA identity software bottoming; watch reaction @157 midbox
OKTA is already basing out with RSI holding support & now slightly up while prices fall, showing some divergence. Of course it may still fall a little with max pain at the 125 red zone but right now it recovered
50% of the potential consolidation box at 157 midpoint.
Watch carefully tomorrow the reaction at 157. If It bounces up, 191 will be the target TP level. If it will be rejected down, then there will be a retest of low of box or even down to the red max pain box.
Not trading advice
50% of the potential consolidation box at 157 midpoint.
Watch carefully tomorrow the reaction at 157. If It bounces up, 191 will be the target TP level. If it will be rejected down, then there will be a retest of low of box or even down to the red max pain box.
Not trading advice
Komentarz:
A breakout of the red downtrend line is very important before any true rally could follow. If SPX retraces tomorrow, then a retest down to the lows is more probable.