$OPEN Approaching Resistance at $5.30Opendoor Technologies has broken the falling trend channel in the medium long term and reacted strongly up. NASDAQ:OPEN is approaching resistance at 5.30 dollar, which may give a negative reaction. However, a break upwards through 5.30 dollar will be a positive signal.
The short term momentum of the stock is strongly positive, This indicates increasing optimism among investors and further price increase for Opendoor Technologies.
Opendoortechnologies
OPEN Opendoor Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of OPEN Opendoor Technologies prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
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.
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.
opendoor ---> is going to touch $10hello guys...
as you can see the door breaks up the last resistance level and it will touch the $10!
if the price retraces to the break-up zone you can get a long position.
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