OKTA has a few components that we have talked about in recent days and I normally like these plays when the greater market plays nicely. In this case it doesn't look like we can get filled on a stop order. If that happens, I would like to keep this on a list for a second bull leg break out.
Here are the pattern traits we can see in OKTA:
* Earnings Gap * Holding earnings support * Complex pullback * Breakout of a complex pullback
I have previously discussed all of these traits in other videos.