Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale
On the daily we've had distribution and a possible UTAD and the overall market running into key resistances puts OPEN at very high risk to downward movement. If we bake in a higher mortgage rate movement over the year we can expect their current holdings to become illiquid and a large loss for the company.
Open top of watchlist if market turns. Easily could see 17-19 range + IV spikes would be a solid return. Then it will probably vounce down again fade off then go back to mid 20s would be my guess but intial shot here retest of 19ish would be worth watching.
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...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 17, 2022 with a closing price of...
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
OPEN may fall much lower to the green box of possible FIB levels despite being oversold.
One it conquers the buyzone, it will have huge upside. (See the 3 levels of advance)
Not trading advice…just for your watchlist
A good trading friend of mine asked for a fresh set of eyes on $OPEN. I figured I would share here.
I don't like the impersonal style of this company. When people sell a home- they want a personal relationship with their realtor.
Anyone with their chops would tell you it's best to expose the house to the market and let a bidding war take place. This model is...
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. Its platform enables consumers to buy and sell a home online. The company was founded in 2014 and is based in Tempe, Arizona.
Just want to play, Bottom looks in with Zillow and technicals
Watching for MF and DMI divergence, Bernoulli (information) & volume turning up
Covered calls, Jan 15 @ 1.30 (~16.30 to 12.70 range for ranges) and wait for nothing to happen, to scrap the options tariff.
Company is still a dog, lossing a ton of cash with increasing debt, but revenue is growing, maybe...
Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. The company was founded by Eric Wu on December 30, 2013, and is headquartered in Tempe, AZ.