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 in the past 1.5 weeks as the stock trades in small and tight range (accumulation). So let's see!
p/s a break up but subsequent fall back into the wedge below the recent low @ 4.28 confirms a failure of this breakup. (though I feel this odd is lower now).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
However a clue that this wedge breakup could work is the higher volume that we see in the past 1.5 weeks as the stock trades in small and tight range (accumulation). So let's see!
p/s a break up but subsequent fall back into the wedge below the recent low @ 4.28 confirms a failure of this breakup. (though I feel this odd is lower now).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!