OKTA Falling Wedge and Losses Exceeding Expectations

OKTA is bearish from both fundamental and technical perspectives.

The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million.

Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high expectations.
When investors see weaker forecasts or expenses increase, on rising interest rates, they are tempted to sell.

In this case, my price target is the $140 support.

Looking forward to read your opinion about it.