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.