πŸ’₯ πŸ“ˆπŸšͺ OPENDOOR $OPEN Pops On Housing Sentiment Boost πŸ’₯πŸšͺπŸ“ˆ

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02:14

$Opendoor Technologies Inc(OPEN)$ $GameStop(GME)$  $SanDisk Corp.(SNDK)$  ⚑ $OPEN ripped nearly +8% intraday as rotation accelerated back into oversold housing plays and momentum reversed after an extended selloff phase.

🏠 Rocket CEO confirms mortgage volumes are surging back toward 4-year highs, with production pacing improving, signalling demand is thawing across US housing activity.

πŸ—οΈ Developers are now advancing large-scale β€œTrump Homes” concepts targeting up to 1M entry-level homes, roughly $250B in potential supply expansion. Increased inventory and turnover directly lift transaction velocity, exactly where Opendoor’s high-volume iBuying model benefits most.

I’ve been tracking $OPEN closely and positioning recently compressed to extremes:

πŸ“Š 738 homes sold delivered $286.4M revenue

πŸ“ˆ Projected Q4 revenue tracking near ~$758M on ~1,953 homes ahead of the Feb earnings catalyst

Yet sentiment recently reached exhaustion.

πŸ”΄ A few sessions ago we completed 8 consecutive red daily closes, a statistically rare exhaustion pattern that frequently marks selling climax zones.

πŸ“… The last comparable 6-day streak in November resolved with a +34% move in just five sessions.

🧡 That rubber band tension is rebuilding as liquidity pockets absorb supply and sellers lose momentum.

πŸ“‰ Goldman Sachs meanwhile slashed exposure by over 93%, reducing ownership to roughly 0.3%. Historically, these late exits often occur near local bottoms rather than tops as positioning washes out.

πŸ“Š Technically, price has reclaimed the lower volatility envelope following oversold conditions. Keltner and Bollinger compression now signals stored energy building for potential expansion as absorption zones fill.

πŸ”₯ Short interest remains heavy near 119M shares, about 15.7% of float, with elevated days-to-cover. Continued upside forces borrow competition and accelerates covering pressure.

Key alignment now forming:

🏑 Housing demand signals stabilising

πŸ“ˆ Technical exhaustion confirmed

⚑ Short positioning remains vulnerable

πŸ”„ Momentum and flows starting to realign

πŸ“ A reclaim of the $5.50 to $6.00 zone shifts near-term control, flips structure, and opens the path for a sharper squeeze if volume confirms.

Momentum, structure, and positioning are converging again.

Short squeeze risk is back on the table.

β“πŸ‘‰ Who stepped in to absorb liquidity at the lows here, institutions rebuilding positions or shorts locking profits into exhaustion?

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Trade like a boss! Happy trading ahead, Cheers, BC πŸ“ˆπŸš€πŸ€πŸ€πŸ€

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Comments

  • Hen Solo
    07:37
    Hen Solo
    I like how you tied macro demand thaw to positioning shifts in $Opendoor Technologies Inc(OPEN)$ Liquidity absorption plus improving momentum often reshapes structure fast. Keeping $Home Depot(HD)$ on watch as cross asset housing flow stabilises into earnings.
  • PetS
    19 minutes ago
    PetS
    Your $Opendoor Technologies Inc(OPEN)$
    post shows how volatility extremes create opportunity when flow rotates and support forms. Short positioning plus momentum recovery changes regime fast. Watching $Toll Brothers(TOL)$ structure as housing sentiment firms again.
  • Cool Cat Winston
    13 minutes ago
    Cool Cat Winston

    Great article, would you like to share it?

  • PetS
    20 minutes ago
    PetS

    Great article, would you like to share it?

  • Tui Jude
    07:42
    Tui Jude

    Great article, would you like to share it?

  • Hen Solo
    07:38
    Hen Solo

    Great article, would you like to share it?

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