SimplyCash

Classic falling wedge breakout on a greater cup and handle

Long
SimplyCash Updated   
NASDAQ:OPEN   Opendoor Technologies Inc
We've been watching this one very closely. We deem it way undervalued from a fundamental perspective given the revenue numbers as compared to Zillow. This is a sleeper in our opinion and anticipate stealing a lot of market share and investor interest from Zillow. An industry disruptor for a suppressed housing market that will boom once the pandemic subsides. Next target - $37 at the 100%-based fib extension. LONG.
Comment:
Wow, what a fakeout. We are still long on this name from a fundamental perspective.
Trade active
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.