Performance metrics and trade details for OKTA breakout.
OKTA reported a good earnings on March 3rd, but to be honest, the results were mediocre, with declining earnings and revenue growth, merely beating estimates.
However, on the second day, the stock gapped up 13%, and volume started coming in at the market open. We could enter as soon as it broke out of the 1-minute ORH, using LoD as the stop.
It continued higher on Day 2, and so far, the gain is about 16%.
Given the current choppy environment and market correction, this is an amazing gain, but we will likely exit at the first sign of weakness.
