Trend:
Open is definitely on a uptrend, but the problem is the speed of this uptrend.
Indicators:
SSL Hybrid's baseline is solid green which is indicating bullish momentum. A buy signal was printed a day ago or so at 2.90.
UT bot also signalled a buy at 3.30 and the price shot up to 4.20.
At the peak, the Harmonics indicator printed 2 sell patterns. ...
OPEN a disruptive company in the residential real estate sector as shown on the 1H chart has
continued out of a pullback. Is the continuation sustainable? I believe that inflation has
become imbedded into the economy. Banks have survived the crisis with federal support and
action. The Z score and relative trend index are impressive with the present...
Trend:
Opendoor is down 10% and appears to be at a local double bottom.
Indicators:
The SSL Hybrid baseline is red but the momentum downward has fizzled out. A buy signal occurred on the Hybrid indicator.
A fib retracement back to $3.00 means Opendoor will be back at the 38% level.
Thoughts:
There is strong support at this price point from previous price...
Trend:
Opendoor's price movement has been consolidating near recent highs. There appears to be some exhaustion in the upward trend.
Indicators:
Three bearish harmonic patterns were printed on the chart by the ZigZag Harmonics indicator.
The SSL Hybrid indicator's baseline turned red and is signalling downard momentum. It also printed a sell...
Trend:
Consolidation occurred today, in which, the stock dipped in the morning and evened out at the end of the day. This kind of behavior signals bearish momentum that was faded out by stronger bullish momentum.
Indicators:
An SSL Hybrid signal came through today at 17:30 on the chart as an upward arrow. It was a long candle that ranged from 3.01 to 3.12. ...
Trend:
A fakeout occurred today causing more consolidation in price movement. As stated previously, the chart indicates that a bullflag has formed. The price moved outside of the channels created by the flag but it was not able to hold above the channel. The weakness demonstrated brought the price action back into the channel and that is why this is a false...
Trend:
The pennant chart pattern which formed yesterday was broken today. Unfortunately, there wasn't enough demand to drive the price up any further. A new pattern has emerged on this one hour chart, and that is the ascending wedge charted as bright yellow lines that form a triangular shape. Once the ascending wedge was drawn, I was able to see a bullflag...
Trend:
Bullish pennants are usually a chart pattern that signals breakouts to the upside in a bullish market. The price action typically trades sideways inside the channel until it breaks out of the channel. As the pattern is forming on the one hour chart, we can expect to see some sideways trading until the breakout.
Indicators:
The price touched the 50% level...
Trend :
Consolidation is moving this stock sideways and may dip before a rise.
Indicators :
The MACD lines recently crossed signaling bearish momentum.
The SSL hybrid indicator's ribbon is red which also means there is downward price pressure.
The STC indicator is in oversold territory and when it begins to turn green, there will be an entry possibility.
...
Trend :
Opendoor is trading at $3.12 during the writing of this article. It is already rising before premarket is open.
Indicators :
Echo indicator set to "dissimilarity" shows a possibility of hitting $3.25.
Breakout indicator shows a 60% chance to hit $3.08 which current price has already done.
Zigzag indicator still has not marked a new high pivot point.
...
Trend:
Price action has broken out of the channel created which indicates possible continuation of the current uptrend.
Indicators:
The STC indicator is green and heading toward overbought territory. The STC line can remain in overbought territory when bull markets occur.
The Zigzag indicator doesn't recognize the recent high as the peak of the zigzag,...
OPENdoor stock has recently been doing alot of consolidation. In this current chart, the STC indicator has shown that there is a buy opportunity as it has changed from red to green. The green line has also crossed the bottom 25% line on the STC indicator. When a green line crosses that area, there is usually price action toward the upside. The SSL hybrid...
There appears to be a double top pattern that formed on the 1 day chart for OPEN. Double top chart patterns tend to lead to price action movement towards support levels. Echo Indicator for the one day chart shows potential downtrend. The price can also spike before dropping lower. There is a possibility that the price will move back into the channels...
OPENDOOR
Recently this stock tested resistance and got rejected toward the downside. The downside rejection has caused the price to move outside of the rising wedge. The price may fall rapidly to test support levels which were previous highs on the chart. Usually a breakout causes rapid change in price movement to either the upside or downside. In this case,...
