Opendoor mid-term trade ideaI am long term bullish on this company, but in the near future I continue to see a Kangaroo market.
Not a financial advice.
25M trade ideas
OPEN opendoor tech seems ready for a new run! price is about to break the bullish flag, expecting upside movement
Did OPEN just breakout from its Falling Wedge? LONG!OPEN looks to have broken from a falling wedge. Looks to be a good risk to reward in taking a long position from here.
OPENlast time there was a Bearish Divergence on RSI, stock tumbled.
Now bullish divergence on RSI ( very small), might indicate the end of the bear trend.
MacD histogram crossed up, and signal line crossed over
TSI crossed up
Stage 1 consolidation right now ( 14.30 - 16)
Lets see what happens
buying here balls deepFilled the gap. Ark gonna buy the dip up. Great opportunity here. Might not see 13s again
OPEN Trade SetupThere is bullish divergence at this new lower low.
I usually like to see a separate histogram island but this will do because there is a separation on the RSI.
The targets are on the fib nodes up to the golden retrace. Set your limit sells just below them. Not all targets can be hit or will be hit.
take 50% out at the first target and 25%, 15%, 10%,
Set these targets as limit orders with the same stop loss. Usually, if you can do an OCO order it works to have a stop loss and a limit sell simultaneously.
OPEN STOCK CHART ANALYSISPrice action showed strong support during the dip at market open
Bullish divergence is spotted when combining rsi with price action.
Price action is bullishly high above the 20 and 50 sma
The Barchart Technical Opinion rating is a 72% Sell with a Strengthening short term outlook on maintaining the current direction.
Be careful trading against trends.
weak chart! shortttOPEN in downtrend channel here, lots of better plays for longs imo but if you like puts/shorting this could be the stock for you ! :D
4/26 OPEN(1) support 15.92, 17
(2) break out the downtrend finally, and we see huge volumes on Thursday.
(3) keep eyes on it, because it is a good risk reward ratio
(4) keep in mind there are many resistance upside, credit play can be better in this chart
I GOT OVER #SPC #OPEN #CLO #SOCIAL CAPITAL #SPACSAND DISCUSS SOME OF THE PHILOSOPHY
OF CHAMATH PALIPATHYIA
A POTENTIAL WARREN BUFFET FOR THENEXT COUPLE GENERATIONS
$OPEN false breakdown, time to long?Opendoor Technologies Inc, one of ARKW's holding, had a false breakdown yesterday(4/12) and it seems to be wanting to retest some resistances.
Pros:
- RSI Bullish divergence on the 4hr chart.
- Seems to have found support with 5 EMA
- Price is close to the bottom of the BB, making it a good R/R trade
Cons:
- Volume has been decreasing, 4/12 breakout had a massive volume compared to the average. (Could be a false breakout to trigger stop-losses which are likely set on (3/31) low
- The stock follows ARK's trend, if ARK's ETFs underperform, it is unlikely that $OPEN will do well.
Critical levels:
Supports: 19 / 20.33 (5EMA)
Resistances: 21 / 22.95 (20MA) / 26.34 (50 EMA)
My position: Entry 21.02 / PT 28.5 / SL 19. Return so far -6.38%
OPEN, BREAKOUT COMING SOON!Hello fellow traders and investors, here's another trade idea.
OPEN has recently pulled back tand has made a double bottom and we are now waiting for the breakout of the wedge, if OPEN makes a recovery to the take profit trendline which offers around a 30 to 35% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When it breaks out of the wedge.
When To Sell:
I recommend selling at the take profit trendline which offers around a 30 to 35% ROI.
Fundamentals: Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. OPEN has a debt/equity of 0.30, sales growth of -80% Q/Q, EPS growth this year of -318%, EPS growth next year of 33%, an ROI of -9.5%, a short float of 3% and I must warn that OPEN is a very volatile stock.
Rating: 25/100 the technicals are decent and the fundamentals aren't great but if it meets your criteria feel free to add it to your watchlist.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
OPEN over 28.86Great looking chart with strong volume coming in the previous session, so far forming a hammer candle on the daily, looking for a move to re-test the 35.00 area.
OPEN 🌦They called me crazy but the actual pattern is following my bars pattern (the blue pattern). No indicators on my graph. I use fractals and pattern recognition theory to make judgments regarding the market.
