$OPEN, Opendoor Technologies long trade$OPEN just had earnings and beat expectations but is still suffered heavily from the tech selloff. IMO the big selloff is unjustified and the stock held the lower support trendline. This is a great long entry for someone looking to make close to 80% gain to a new ATH.
OPEN1 trade ideas
NASDAQ: OPEN Opendoor Technologies Inc.I'm a fan of this stock and their performance so far. This daily chart looks really good, let me explain. We have hidden bullish divergence on the MACD, our moving averages are looking like they might be about to cross (also a bullish sign), and it has been trading within this upwards channel for about 6 months now. I would usually like to use my mic to do this but I'm in the process of getting a new one. Again I like this stock, I think it looks like it has some room to run.
Economy opening up - interest rates slowly rising - Housing boomThe fundamentals and technicals are lining up for this name. This will be an industry disruptor as more consumers will switch to easier methods for buying and selling homes. We are expecting this housing season to be a boon with the rising interesting rates and home buyers scrambling to purchase homes. Price target: $42-45
Opendoor Technologies (NASDAQ:OPEN) successful retest?Opendoor Technologies (NASDAQ:OPEN) appears to have successfully retested the recent all-time high breakout in the form of a bull flag continuation pattern. This price action is bullish and suggests continuation of the uptrend. A protective stop-loss order could be placed right below the recent 29.07 low.
Possible bullish flag pennant forming? Interesting setup at the month view for Opendoor. Looks like a possible bullish flag pennant forming and a symmetrical triangle. Also dipped under 21 EMA and about to touch the 50 EMA. This is a very good sign. Also Stoch is bottoming out and looking to possibly go back up. Bullish setup???
Fundamentally Open just merged through SPAC and has a huge influx of cash to grow into other markets. Looks good to me. This is a Chamath Palihapitiya spac play and ARK invest has purchased a ton of it as well.
Experienced traders please your input is welcome.
Symmetrical TriangleSymmetrical Triangles can break up or down.
This one has an uptrend preceding it but S TRiangles can form in either trend or in a range. Price should touch trendlines at least 5 times, 2 touches to one trendline and 3 to the other. One trendline is support and one is R. Triangles that break on heavy volume perform better
Newer stock on the market so not a ton of chart info. Low is 10.55 so has made quite a move up already.
NV was high at the bottom or at the beginning, but has slacked off now. OBV is very high.
Not a recommendation
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. Its platform enables consumers to buy and sell a home online. The company was founded in 2014 and is headquartered in San Francisco, California.
OPEN 02-02-2021 LongAsset and Time frame -OPEN,4H
Entry Price -27.8778
Exit(Stop Loss) -26.25
Exit(Take Profit) -33.27
Technical Analysis -Price moved out from confirmed up-trending channel, and now it's returning after failing to reach oversold on the RSI, crossing the 50 & 100 MA with an engulfing bullish candle
I would like to hear your opinions and what can I do to improve, many thanks
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
$OPEN – Rising Three Method$OPEN – Rising Three Method
Mapping my plan for $OPEN. I see the candles are forming a bullish Rising Three method. Breakout of wedge, support by volume profile and EMA. Positive/neutral technicals and oscillators. Curling MACD. RSI and volume are a bit high so maybe a small pull back.