Opendoor is back to its historical (IPO) level
Opendoor Technologies (NASDAQ: OPEN) has made a remarkable journey back to its historical IPO price level.
The company went public in mid-June 2020, with its stock price surging to a peak of around $39 per share by early May 2021—representing a gain of more than 260%. However, the momentum reversed sharply, and despite several recovery attempts, the stock continued to decline, eventually hitting an all-time low (ATL) near $0.50, a loss of over 95% from its peak.
Since reaching that bottom, Opendoor has staged a powerful rebound, pushing back toward its IPO level from 2020.
Key questions for investors now are:
What fundamental catalysts could drive a decisive breakout above this level?
How much further upside potential exists from here?
Should investors also prepare for the possibility of another pullback?
Final thought: A confirmed breakout above the IPO level could open the door to further gains, with the next potential target around $13 per share.
📌 This analysis is for educational purposes only and not financial advice. Please trade and invest responsibly.
If you found this helpful, like, follow me, subscribe, share and comment.
Opendoor Technologies (NASDAQ: OPEN) has made a remarkable journey back to its historical IPO price level.
The company went public in mid-June 2020, with its stock price surging to a peak of around $39 per share by early May 2021—representing a gain of more than 260%. However, the momentum reversed sharply, and despite several recovery attempts, the stock continued to decline, eventually hitting an all-time low (ATL) near $0.50, a loss of over 95% from its peak.
Since reaching that bottom, Opendoor has staged a powerful rebound, pushing back toward its IPO level from 2020.
Key questions for investors now are:
What fundamental catalysts could drive a decisive breakout above this level?
How much further upside potential exists from here?
Should investors also prepare for the possibility of another pullback?
Final thought: A confirmed breakout above the IPO level could open the door to further gains, with the next potential target around $13 per share.
📌 This analysis is for educational purposes only and not financial advice. Please trade and invest responsibly.
If you found this helpful, like, follow me, subscribe, share and comment.
تم فتح الصفقة
Thge resistance level is strong as analysedملاحظة
The resistance is strong
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.