The echo indicator predicts possible price movement indicated by a line of dots on the graph. OPEN appears to be in a rising wedge but also in a ascending triangle. This one hour chart predicts a breakout in OPEN. The 4H chart of open shows that the stock may only move up a little before dipping to major support levels at 2.20. The echo indicator has provided...
OPEN
This stock has been in a downward trend for a long time, but it seems like a trend reversal may have appeared. The Williams %R indicator shows that the stock is currently trading at oversold values. This is a good sign for those who are trying to enter the trade as the fib retracement levels are already around 50%. I have marked a channel formation in the...
A few false punctures at $1.85 followed by retreats. Unlikely to dip significantly before earnings but a scalp opportunity to the EMA and beyond if it breaks that wedge.
No positions. Exited at $1.85 today.
Looks like Opendoor's stock is shaping up to form a Butterfly pattern! If you're familiar with this symmetrical chart pattern, you'll know that it can signal a potential reversal in the stock's current trend.
So, for those of you who believe in the power of technical analysis, this could be seen as a bullish signal for Opendoor's future stock price. Of course, as...
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale
On the daily we've had distribution and a possible UTAD and the overall market running into key resistances puts OPEN at very high risk to downward movement. If we bake in a higher mortgage rate movement over the year we can expect their current holdings to become illiquid and a large loss for the company.
All,
Open top of watchlist if market turns. Easily could see 17-19 range + IV spikes would be a solid return. Then it will probably vounce down again fade off then go back to mid 20s would be my guess but intial shot here retest of 19ish would be worth watching.
OPEN has been in a falling wedge for almost 6 months now and is approaching closer to the apex of the wedge. A falling wedge breakup may not necessarily work out well (ie it could continue to drift sideways once the wedge converge and it was "forced" out of the wedge eventually.
However a clue that this wedge breakup could work is the higher volume that we see...
Mini divergence on weekly.. We broke down on wedge but shares consolidating into another pattern. Last week was pure capitulation.
Not a financial advisor.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 17, 2022 with a closing price of...
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
OPEN may fall much lower to the green box of possible FIB levels despite being oversold.
One it conquers the buyzone, it will have huge upside. (See the 3 levels of advance)
Not trading advice…just for your watchlist
