Okta, Inc. Stock Falls To Critical Level: What Happens Next?

Key Points Okta, Inc. NASDAQ: OKTA shares are down more than 5% following its Q1 results and have the market at a critical turning point aligning with prior resistance and current support targets. A move below this level could send the market back to its recent lows, a rebound back to the recent highs. The question is, what is the market more likely to do? The answer is to move lower. The results provided a beat-and-raise scenario that should support the market, but there is a problem. Demand for software s ...