Census reports that home sales have been overall trending up and a convenient way to sell your home is now available with Opendoor. The chart now looks set for a breakout and recently some insider buying was reported.
Long OPEN.
Long OPEN.
Comment:
Anything below the previous breakout is a gift.
Comment:
Fresh breakout should clear the way for a nice run over the coming weeks. September is earnings so there should be plenty of volatility to take advantage of. Using fib retracements the 0.5 to 0.618 levels are areas to look for selling should price find it's way there.
Comment:
MACD almost ready to cross zero.
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Earnings beat spiked price now the sentiment should remain bullish and fib targets above to be hit next. I believe some analysts are calling for $42 but we'll see. MACD above zero can confirm momentum.
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MACD and price action follow through is near perfection. Odds are growing of a pull back near term. This setup of a MACD divergence to price action is a gold nugget of an indicator. Learn it.