Opendoor Technologies entry pursuit

업데이트됨

As requested by a follower:

Opendoor Technlogies

- Currently this is a high risk trade as we are reaching
oversold on the weekly and price is close to
overhead resistance

Positives and entry levels:
- Above 200 day moving average & sloping upwards
- A pull back to 200 day would be an ideal entry
- Break above the OBV resistance line could indicate
further push through

I would not be entering this trade unless we revisited the 200 day or broke through the OBV resistance.

Opendoor is a small 2.68bln market cap company aiming to make selling your home as easy as clicking a few buttons. There are a lot of unknowns in the housing sector however a new CFO was appointed in Dec 2022 and she seems to have the company back on the front foot which is positive. #opendoor

Opendoors mission statement:
Opendoor is an e-commerce platform for residential real estate that allows people to buy, sell and move online. Our vision is to build a one-stop shop that allows people to move with the tap of a button.

노트

200 Day SMA revisit looking likely and would be ideal for entry