Opendoor Technologies Inc
Long
Updated

OPEN - Possible Cup & Handle Pattern Forming?

781
OPEN ( OPEN Opendoor) Looks to Print a Possible Cup & Handle Pattern which is Bullish.

Should this pattern execute, I have plotted the potential Price Value Area Targets and shown the Upside.

Remains a Risky Trade or Investment, however the Macro Factors of a Lower Prime Rate % should support this Strategy.

As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.

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Regards Graham.


Note
Bigger Cup in Time. Holding.
Note
Buying DCA Dips slowly in the Handle side.
Choppy Markets after the Fed 0.5% Rate cut.
Needs Conviction i.e. Time.
Note
Hold Undecided.
Note
Sep 19
Opendoor Technologies Insider Sold Shares Worth $1,497,323, According to a Recent SEC Filing. Shares Reverse Trend.
Pattern Invalidated.
Trade active
Recent +40% Pop, could get some Analyst's upgrades?
Lets see.
Trade closed: target reached
It's Early however Recent Price action could complete this Idea.
Note
Opendoor Technologies Price Target Maintained With a $2.50 a Share by JMP. = +30% Upside.

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