Trend:
Opendoor is down 10% and appears to be at a local double bottom.
Indicators:
The SSL Hybrid baseline is red but the momentum downward has fizzled out. A buy signal occurred on the Hybrid indicator.
A fib retracement back to $3.00 means Opendoor will be back at the 38% level.
Thoughts:
There is strong support at this price point from previous price movements. I am seeing a possible double bottom even though the harmonics indicator did not print one. My previous post was suggesting a short play, which did occur this morning. I believe there is an entry point currently for a long play.
Opendoor is down 10% and appears to be at a local double bottom.
Indicators:
The SSL Hybrid baseline is red but the momentum downward has fizzled out. A buy signal occurred on the Hybrid indicator.
A fib retracement back to $3.00 means Opendoor will be back at the 38% level.
Thoughts:
There is strong support at this price point from previous price movements. I am seeing a possible double bottom even though the harmonics indicator did not print one. My previous post was suggesting a short play, which did occur this morning. I believe there is an entry point currently for a long play.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.