$OPEN has been in a gentle downtrend for many months now. With 3 tests (and fails) to break this resistance level.
Over the last few weeks we broke below the $5.60 support, and, last week on earnings, rejected from $5.60 as a support -> resistance flip.
We can see the Buy/Sell indicator gave the ‘Buy’ signal for $OPEN below $1 (I also publicly alerted Open below $1 and again on the $3 break), with the ‘Sell’ Signal around $8.
To generate a new ‘Buy’ Signal/for $OPEN to be a ‘Buy’ once again, we need to break this downtrend.
HeatSeeker has the King Node at $5.50 for next week, so is still suggesting more resistance in the short term.
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