$OPEN Long to 46 by MarchVery high hopes, respect Cathie. Strong fundamentals, technicals, momentum gaining.
Trend/breakout trade.
PT: 46 by March.
SL: 23
Opendoor
Opened a position in $OPENOpened a 1/15/21 Call today on $OPEN set up is simple, looking for OPEN to stick to trading in its channel, sticking to target fib levels
$OPEN, Zillow, and Redfin correlation and long term bullishOpendoor broke trends today during a period of limited/no support (See related ideas section).
I look to RDFN and Z for wider market trends. These 3 companies are in a similar tech real estate market. There is limited trading history for OPEN and IPOB, TradingView doesn't even allow charting properly. There is a correlation with patterns for RDFN and Z, but there has been higher volume with OPEN. Using 1H ichimoku, both Redfin and Zillow are bullish and have no trends broken. Z is actually slightly positive since the OPEN ticker change. I expect OPEN to get back on a bullish 1H trend once the early stakeholders complete their selling.
This is an accumulation level and it could gain momentum fast as people accumulate. I would like to see a bullish 1H trend since the new ticker launch, which could at the earliest be established during the first week of January, before I recommend going long.
IPOB turns into OPEN. Time to buy!IPOB turns into ticker OPEN December 21st, after recent merger. More eyes will turn to OPEN Monday and it could be the momentum to push it higher. This is a speculative play with high upside. This is a growth stock priced already on future prospects.
On the chart it has support from moving averages using Ichimoku cloud. There is an area of weak support soon where it is possible it flips to bearish, but Monday should at least hold the 28 area and is bullish to move higher.
There hasn't been a lot of trading history for IPOB, but the 4 hour shows stronger trends. 15 minute at the moment of publishing is also positive.
