UTAD into heading lower as SPY runs into key resistance
On the daily we've had distribution and a possible UTAD and the overall market running into key resistances puts OPEN at very high risk to downward movement. If we bake in a higher mortgage rate movement over the year we can expect their current holdings to become illiquid and a large loss for the company.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.