BigBullSmallBear
09-15

πŸ“‰ Why OPEN may struggle to hit $10 this week

A lot of buzz is building around OPEN, but the setup shows real challenges:

Resistance zone: The $10 level has acted as a strong psychological and technical barrier. Heavy sellers are likely to take profit before that round number.

Volume vs. momentum: Recent spikes came on lighter volume compared to earlier rallies β€” momentum is fading instead of building.

Macro headwinds: With interest rates still elevated, housing demand isn’t accelerating fast enough to justify a sustained breakout.

Overbought signals: Short-term charts are flashing overbought RSI readings, which usually trigger pullbacks before another leg up.

Unless new catalysts emerge, OPEN looks more likely to consolidate or retrace than cleanly break $10 this week.

Jane Street Takes Opendoor Stake: New Rally Begins, $10 Again?
Jane Street disclosed a 6% stake in the company, while a stronger-than-expected new home sales report boosted sentiment across the housing sector. With institutional backing and macro tailwinds, could this rally be the start of a bigger comeback for Opendoor? Aim for $10 again? How do you view Jane Street's stake?
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