Open to another door? Or is something to be worry about?
$Opendoor Technologies (OPEN.US)$ Hihi everyone, another day to share and yes I have not been keeping track on Open's TA sharing since I'm busy on day work and... looking out at another promising stocks ![]()
but hey trying the best as I could so that what is to be looking out with this hot babes![]()
. Anyway let's get on to it on the TA's! (and yay~ back to 9 and above which is lovely for longs![]()
)
Not Financial Advise, do your own research
Technical Analysis
1. Key Resistance and Support
Key resistance - 9.77 is a good line to lookout on breakouts as past few days the price did tried to traverse the lane, of course without a good catalyst may not see it that quickly.
Key support - For short term maybe around 9.07 area, but the real key is to maintain 8.35 and not below 6.99. Is gonna be ugly af if falls below 6.99.
2. Volume
Steadily rising up the volume comparing to previous days around 30%+- more, suggesting the buying and selling of this stock.
3. RSI
Overall suggesting a neutral-overbought, may see a little pullback on short term.
4. MACD
Daily MACD are slowly climbing up, if this keeps on rising will be likely be another "golden cross" ![]()
Summary:
Overall steadily rising up the chart line and looking pretty good from the past weeks dip down. Personally it is looking fine with the charting that is not falling but rising, suggesting a more bullish count.
And for the yesterday movement, unfortunately I have not found any solid catalyst suggesting to the spikes. Most likely is the tweet by Kaz with Robinhood's CEO - Vlad, but be cautious on FOMO because is still yet a confirmation so likely the current price is "first" presumed set price by market sentiments (as you can see from the money flow)
14:39 mark to closure
Small - with the highest spikes from 11.5mil all the way near up to 24.3mil and back to 17.5mil inflow at closure.
Medium - dump a little early but came back in from 1.33mil to 4.16mil inflow at closure.
Large - total outflow from start of 2.8mil to 10.63mil outflow as closure.
Extra Large - outflow of -8.49mil came right back in on spike, and dump again with closure only 977k outflow.
Overall - positive inflow of 10.52mil.
Note: Money flow only suggest how the company market cap is, not an exact watch as even outflow of the capital would sometime increases stock price (on certain occasion depending scenario, but at least can use as part to gauge the market sentiment)
Okay, that is all the sharing for Open... Thinking to make another stock sharing but let's see, if you liked this please do like and share to anyone that is interested. As always, peace!
#Smart Trading #No FOMO/FUD
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Moosang King Trader OP : ah dang i forgot about the MA, but nothing much to add, MA200 still showing steady climb so is quite a bullish sentiment
Tadahking Moosang King Trader OP : tyvm for the information i appreciate it.
FlintXe : could the spike be insider buying right before the announcement?
Lewis TEG : i predict a hit to the roof 10.77 than dip to 9.08, bridge to 8.22 and sit there until Nov earnings results.
Moosang King Trader OP FlintXe : cant deny nor confirmed that until it is shown so, it is always a disadvantage for us retailer
Moosang King Trader OP Lewis TEG : I would agree, my last support bridge is more less still at 7ish depending on the situation but 8.22 is a safer bets. Let's see if the market will early priced in or not until end of month
phongy45 : time to sell ????
Moosang King Trader OP phongy45 : personally no and still holding, it is a matter of the trend and my key support price still stand
from TA perspective (NFA), it is still within bullish consolidation trend instead of downward at this moment. Thou this week might be crucial to see if the price manage to hold and how market sentiment reacts