Morning Trend | Opendoor Tech reduces volume and grinds at the bottom, is a rebound window coming?
Opendoor Tech (OPEN.US) has recently been consolidating with decreasing volume, and the market's cautious atmosphere remains high. However, traders in the community are actively discussing, "Is a weak rebound window coming?" As of the close on December 1st, although there have been occasional buying attempts, the main players have not fully entered the market, and most right-side funds are still waiting for clear signals of a bottoming out. In the sideways consolidation pattern, the K-line has been repeatedly pulled at the lower edge of the box, and many short-term players are hesitating, "Should I position early or wait for a rise to chase?" From a technical perspective, the MACD has not turned positive, and the KDJ indicator is hovering near the midline, with the mainstream cautious observers almost all focused on the "nail position" of 6.14. A popular saying in the community is: "If OPEN doesn't make some moves soon, even the locked positions may lose patience." However, some funds that are trying to catch a rebound are holding back, as the short-term favorable conditions and the information vacuum period still persist. Recently, the sector's heat has been suppressed, and small-cap stocks in the industry have frequently shown unusual movements, but OPEN itself is "not in the spotlight," with most participants remaining cautious. The main players are repeatedly testing the support below, and every bounce encounters selling pressure, making position management a hot topic of discussion. "Whether the rebound can be sustained really depends on real capital participation; with such light trading, let's not see the old tricks of cutting leeks come back again." In terms of operations, the current risk of blindly chasing the rise is considerable, but once a certain capital chain shows signs of a trend reversal, OPEN could easily trigger a small wave of profit-taking. Overall, short-term opportunities in the market have not completely disappeared; as soon as the trading volume expands or new catalysts emerge in the industry, the market could experience unusual movements at any time
Opendoor Tech (OPEN.US) has recently been consolidating with decreasing volume, and the market's cautious atmosphere remains high. However, traders in the community are hotly discussing, "Is a weak rebound window coming?" As of the close on December 1, while there have been occasional buying attempts, the main players have not fully entered the market, and most right-side funds are still waiting for clear signals of a bottoming out. In the horizontal consolidation pattern, the K-line is repeatedly pulled at the lower edge of the box, and many short-term players are hesitating, "Should I position early or wait for a rise to chase?"
From a technical perspective, the MACD has not turned positive, and the KDJ indicator is hovering near the midline, with the mainstream cautious observers almost all focused on the "nail position" of 6.14. A popular saying in the community is: "If OPEN doesn't make some moves soon, even the locked positions may lose patience." However, some funds that are trying to catch a rebound are holding back, as the short-term positive news and incremental information are still in a vacuum.
Recently, sector heat has been suppressed, and small-cap stocks in the industry have frequently shown unusual movements, but OPEN itself is "not making waves," with most being cautious. The main players are repeatedly testing the support below, and every bounce encounters selling pressure, making position management a hot topic of discussion. "Whether the rebound can be sustained really depends on the participation of real funds; with such light trading, let's not see the old tricks of cutting leeks come back again."
In terms of operations, the current risk of blindly chasing highs is considerable, but once a certain funding chain shows signs of a reversal, OPEN could easily trigger a small wave of profit-taking. Overall, short-term opportunities in the market have not completely disappeared; as soon as the volume expands or there are new catalysts in the industry, the market could see unusual movements at any time. It is recommended that players interested in swing trading remain alert to the gains and losses of the support line, with most focusing on short-term low buys, and set proper take-profit and stop-loss levels when chasing highs
