In this daily bar chart of OKTA, below, we can see that prices broke out to new highs this month continuing an uptrend from February. The movement of the indicators confirm the breakout. Prices are above the rising 50-day moving average line and the bullish 200-day moving average line.
The daily On-Balance-Volume (OBV) line has moved up to a new high to confirm the price move and tell us that buyers of OKTA have been more aggressive with heavier volume being traded on days when the stock has closed higher.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is in a bullish mode - rising and above the zero line.
In this weekly bar chart of OKTA, below, we only have about two years of price history to work with this morning. Prices are above the rising 40-week moving average line.
The weekly OBV line is strong and not far away from a new all-time high.
The weekly MACD oscillator just crossed to the upside from above the zero line. This is a fresh outright go long signal.
In this Point and Figure chart of OKTA, below, we can see an upside price target of $95.63
Bottom line strategy: the charts and indicators of OKTA are bullish. Trade OKTA from the long side looking for $95 and perhaps $100 in the months ahead. Risk below $70 for now.