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MarketBeat
MarketBeat
Business
Thomas Hughes

Okta: Bullish Signals Suggest a Market Reversal Is Underway

Okta’s (NASDAQ: OKTA) share price has suffered since the peaks set in 2021, but those days are over. The cyber security company has gained traction over the past two years, and the Okta stock market normalized after its bubble burst. Today’s takeaway is that the CQ3/FQ2 2025 results sparked a high-volume movement, signaling support at a critical level, confirming the market bottom, and a high likelihood it will continue to move higher and confirm a complete reversal. The daily and weekly charts show some resistance to higher prices, but the overall signal is very bullish. It shows support at a pair of moving averages, a golden crossover in the EMAs, convergence and bearish crossovers in the technical indicators, and near-record volume. 

Okta: Beat and Raise Quarter Impresses the Analysts 

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