How Verified Investing’s view on $OKTA changed

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2026-09-14

“AI Safety Warnings Surge Cybersecurity Stocks: PANW, CRWD, OKTA Key Levels”

OKTA breaking out but facing strong technical resistance near $200; likely to stall or pull back due to overbought conditions and stacked levels.

Uh, next up, we've got Octa. Octa guys also cyber security section look at the push up today up 11.98%. Now a couple things now you know what I wanted to have this not drawn yet so silly I'm taking it off.

There's a couple reasons why this octa chart is exploding the way it is. One we broke out of this parallel channel but when we did it look at this breakout retrace and eventually bounce but it took several weeks.

This is the weekly time frame. One of the reasons it took several weeks, guys, because of this declining trend line on the chart. Look at that breakout retrace. Tried to bounce, got rejected, and eventually did bounce break through this declining trend line. So, we're in a significant breakout attempt.

Watch the source20:25

2026-08-27Bullish

“Tech Surges On NVDA Blowout Earnings”

Okta's recent pullback was consolidation; the breakout from the parallel channel points to further upside.

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

Watch the source16:15

Direction flip

2026-08-27

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