OPEN. long hold.My idea is that price won't get too much lower meaning now is as good a time as any to get in if you're short on stock ideas.
Open
OPEN opendoor tech seems ready for a new run! price is about to break the bullish flag, expecting upside movement
DOTUSD Trade Idea From 2021-02-28 | Target Price 42.2256DOTUSD Pin Bar Trade Idea 2021-February-28
High 34.6413
Close 33.8421
Open 33.4733
EMA 10 33.1396
EMA 20 30.7891
Low 29.7500
$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%
$OPEN, Opendoor Technologies long trade$OPEN just had earnings and beat expectations but is still suffered heavily from the tech selloff. IMO the big selloff is unjustified and the stock held the lower support trendline. This is a great long entry for someone looking to make close to 80% gain to a new ATH.
$OPEN $50 mark to come- significant break-out volume after nice months of consolidation.
- higher high, higher low --> uptrend has never been broken
- nice company (I did do some research on it)
- recommend play: 40c April sounds good.
OPEN: NEW SWING LONG SET UPOPEN:
Low risk buy at channel bottom.
Let's see if we can reach the top of the channel as indicated on the chart.
Trade safe.
Long | OPENNASDAQ:OPEN
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
$OPEN Bullish!- OPEN is looking extremely bullish is in a huge channel between both trendlines (black trendline).
- It also looks like it broke out of flag and currently going to retest the trendline and making some sort of a falling wedge!
- It also looks like its a 5 wave structure to the upside, ending in that prefect trendline (black trendline)
- Overall Bullish with indicators showing sign of reversal don't miss this one!
$OPEN Long to 46 by MarchVery high hopes, respect Cathie. Strong fundamentals, technicals, momentum gaining.
Trend/breakout trade.
PT: 46 by March.
SL: 23
IPOF $20 price target Chamath Palihapitiya, the one and only spaq king, has so many of these its hard to keep track. I like this will get to $20 in the next 6 months. I intend to be adding on dips around the blue horizontal lines which are weekly levels of interest. The Chamath wave is just starting.
