Palihapitiya is the chairman of Virgin Galactic Holdings (NYSE: SPCE), and brought Opendoor Technologies (NASDAQ: OPEN) public with IPOB and Clover Health (NASDAQ: CLOV) with IPOC. Social Capital Hedosophia Holdings Corp V (NYSE: IPOE) announced a merger with SoFi last week.
Palihapitiya has also invested in SPAC deals involving MP Materials (NYSE: MP), Desktop...
Opendoor Technologies (NASDAQ:OPEN) appears to have successfully retested the recent all-time high breakout in the form of a bull flag continuation pattern. This price action is bullish and suggests continuation of the uptrend. A protective stop-loss order could be placed right below the recent 29.07 low.
- 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 has been trading in a wave pattern that's been easy to spot and enter during the previous 2 times they happened. The price squeezes into the 55ema, and stochastic rsi is below 30 is the buy signal before the next leg up (which it just flashed today).
Applied wave theory to the chart. Price targets on the chart. Not financial advice.
Interesting setup at the month view for Opendoor. Looks like a possible bullish flag pennant forming and a symmetrical triangle. Also dipped under 21 EMA and about to touch the 50 EMA. This is a very good sign. Also Stoch is bottoming out and looking to possibly go back up. Bullish setup???
Fundamentally Open just merged through SPAC and has a huge influx of cash...
The stock finally broke out from its consolidation phase on good volume and sets
up a rally to much higher levels in the days to come.
Targets as per the chart ranging from short to medium term trades.
Symmetrical Triangles can break up or down.
This one has an uptrend preceding it but S TRiangles can form in either trend or in a range. Price should touch trendlines at least 5 times, 2 touches to one trendline and 3 to the other. One trendline is support and one is R. Triangles that break on heavy volume perform better
Newer stock on the market so not a ton...
Opendoor is an e-commerce platform where consumers can buy, sell and view homes online. For all intents and purposes, Opendoor is the future Amazon of the real estate market — and this $1.6 trillion market is ripe for significant and widespread digital disruption over the next 10 to 15 years. Amid this disruption, Opendoor will grow by leaps and bounds, and IPOB...
Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. The company was founded on December 18, 2020 and is headquartered in San Francisco, CA.