Spotted this on the scanner today. After ranging between 3.20 and 3.35, 
OPEN broke out with solid volume and momentum, pushing up to a high of 3.70 for a clean intraday move of about 12 percent.
The setup included a clear Darvas box formation, a MACD crossover confirming momentum shift, and price action pushing above VWMA and key EMAs. Volume increased right as the breakout occurred, confirming buyer interest.
Support now sits around 3.47 at VWMA, and 3.35 as the top of the previous range. If price holds above 3.60, continuation into the 3.80 to 3.90 zone is on watch.
Strong breakout structure with clean technicals and follow-through. Worth keeping on the radar.
OPEN broke out with solid volume and momentum, pushing up to a high of 3.70 for a clean intraday move of about 12 percent.The setup included a clear Darvas box formation, a MACD crossover confirming momentum shift, and price action pushing above VWMA and key EMAs. Volume increased right as the breakout occurred, confirming buyer interest.
Support now sits around 3.47 at VWMA, and 3.35 as the top of the previous range. If price holds above 3.60, continuation into the 3.80 to 3.90 zone is on watch.
Strong breakout structure with clean technicals and follow-through. Worth keeping on the radar.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.