Opendoor 
OPEN has delivered better than expected results in the past 2 QE. The fundamentals are strong and this past sell-off was due to the broad market sell-off. At $13.50-$13.75 range we have a strong support area that should hold. If so the minimum rise should be the resistance area of the range-bound rectangle at around $18.50.
Entering a BUY position at the current price would provide 2.5+ R/R which is pretty good. If we can get a small dip down to $14.5 then the R/R rises to 4.44 as shown on the chart.
Other notable technicals we can see are:
- the price should retrace back to 200SMA around $18-$18.5 area
- the retracement would be less than 50% Fibo
- the price is really over-sold and a counter-trend leg to the upside is expected
Not financial advice, DYODD
OPEN has delivered better than expected results in the past 2 QE. The fundamentals are strong and this past sell-off was due to the broad market sell-off. At $13.50-$13.75 range we have a strong support area that should hold. If so the minimum rise should be the resistance area of the range-bound rectangle at around $18.50.Entering a BUY position at the current price would provide 2.5+ R/R which is pretty good. If we can get a small dip down to $14.5 then the R/R rises to 4.44 as shown on the chart.
Other notable technicals we can see are:
- the price should retrace back to 200SMA around $18-$18.5 area
- the retracement would be less than 50% Fibo
- the price is really over-sold and a counter-trend leg to the upside is expected
Not financial advice, DYODD
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.