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Opendoor

Open door Technology Inc: unravel the hidden gemOpendoor is one of the most prominent companies, leveraging technology to streamline the home buying and selling process. Opendoor has several growth opportunities that it could pursue to drive future revenue and earnings growth. One such opportunity is to expand its geographic footprint by entering new markets. The company operates in over 40 markets across the United States and plans to expand into additional markets in the coming years. This could help the company increase its revenue base and market share in new regions.
NASDAQ:OPENLong
by DEXWireNews
Opendoor Technologies entry pursuit As requested by a follower: Opendoor Technlogies NASDAQ:OPEN - Currently this is a high risk trade as we are reaching oversold on the weekly and price is close to overhead resistance Positives and entry levels: - Above 200 day moving average & sloping upwards - A pull back to 200 day would be an ideal entry - Break above the OBV resistance line could indicate further push through I would not be entering this trade unless we revisited the 200 day or broke through the OBV resistance. Opendoor is a small $2.68bln market cap company aiming to make selling your home as easy as clicking a few buttons. There are a lot of unknowns in the housing sector however a new CFO was appointed in Dec 2022 and she seems to have the company back on the front foot which is positive. #opendoor Opendoors mission statement: Opendoor is an e-commerce platform for residential real estate that allows people to buy, sell and move online. Our vision is to build a one-stop shop that allows people to move with the tap of a button.
NASDAQ:OPEN
by PukaCharts
2
Opendoor - powerful bullish ButterflyLooks like Opendoor's stock is shaping up to form a Butterfly pattern! If you're familiar with this symmetrical chart pattern, you'll know that it can signal a potential reversal in the stock's current trend. So, for those of you who believe in the power of technical analysis, this could be seen as a bullish signal for Opendoor's future stock price. Of course, as with any trading strategy, it's important to use multiple forms of analysis and not rely solely on chart patterns. But hey, let's enjoy this moment of Butterfly bliss while it lasts!
NASDAQ:OPENLong
by patryk2808
Strong support area provides a good R/ROpendoor $OPEN has delivered better than expected results in the past 2 QE. The fundamentals are strong and this past sell-off was due to the broad market sell-off. At $13.50-$13.75 range we have a strong support area that should hold. If so the minimum rise should be the resistance area of the range-bound rectangle at around $18.50. Entering a BUY position at the current price would provide 2.5+ R/R which is pretty good. If we can get a small dip down to $14.5 then the R/R rises to 4.44 as shown on the chart. Other notable technicals we can see are: - the price should retrace back to 200SMA around $18-$18.5 area - the retracement would be less than 50% Fibo - the price is really over-sold and a counter-trend leg to the upside is expected Not financial advice, DYODD
NASDAQ:OPENLong
by IboProtrader
Opendoor Is the Future Amazon of the $1.6 Trillion Real EstateOpendoor is an e-commerce platform where consumers can buy, sell and view homes online. For all intents and purposes, Opendoor is the future Amazon of the real estate market — and this $1.6 trillion market is ripe for significant and widespread digital disruption over the next 10 to 15 years. Amid this disruption, Opendoor will grow by leaps and bounds, and IPOB stock will soar like AMZN stock has soared over the past 10 to 15 years. Credit: Luke Lango, InvestorPlace Senior Investment Analyst
NASDAQ:OPENLong
by UnknownUnicorn11148016
$OPEN, Zillow, and Redfin correlation and long term bullishOpendoor broke trends today during a period of limited/no support (See related ideas section). I look to RDFN and Z for wider market trends. These 3 companies are in a similar tech real estate market. There is limited trading history for OPEN and IPOB, TradingView doesn't even allow charting properly. There is a correlation with patterns for RDFN and Z, but there has been higher volume with OPEN. Using 1H ichimoku, both Redfin and Zillow are bullish and have no trends broken. Z is actually slightly positive since the OPEN ticker change. I expect OPEN to get back on a bullish 1H trend once the early stakeholders complete their selling. This is an accumulation level and it could gain momentum fast as people accumulate. I would like to see a bullish 1H trend since the new ticker launch, which could at the earliest be established during the first week of January, before I recommend going long.
NASDAQ:OPEN
by bosstiat
IPOB turns into OPEN. Time to buy!IPOB turns into ticker OPEN December 21st, after recent merger. More eyes will turn to OPEN Monday and it could be the momentum to push it higher. This is a speculative play with high upside. This is a growth stock priced already on future prospects. On the chart it has support from moving averages using Ichimoku cloud. There is an area of weak support soon where it is possible it flips to bearish, but Monday should at least hold the 28 area and is bullish to move higher. There hasn't been a lot of trading history for IPOB, but the 4 hour shows stronger trends. 15 minute at the moment of publishing is also positive.
ILong
by bosstiat