UnknownUnicorn11084119

OPEN, BREAKOUT COMING SOON!

NASDAQ:OPEN   Opendoor Technologies Inc
Hello fellow traders and investors, here's another trade idea.
OPEN has recently pulled back tand has made a double bottom and we are now waiting for the breakout of the wedge, if OPEN makes a recovery to the take profit trendline which offers around a 30 to 35% ROI.

Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold

When To Buy:
When it breaks out of the wedge.

When To Sell:
I recommend selling at the take profit trendline which offers around a 30 to 35% ROI.

Fundamentals: Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. OPEN has a debt/equity of 0.30, sales growth of -80% Q/Q, EPS growth this year of -318%, EPS growth next year of 33%, an ROI of -9.5%, a short float of 3% and I must warn that OPEN is a very volatile stock.

Rating: 25/100 the technicals are decent and the fundamentals aren't great but if it meets your criteria feel free to add it to your watchlist.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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