OPEN Setting Up For Strong Bounce Off Major Support
Today, OPEN has dropped to its major trendline support (purple line) as well as its 50-day SMA (blue line). There is a high likelihood that OPEN will rebound to previous highs because (I) the stock has very rarely fallen below its 50-day SMA, and (II), it has rebounded off the trendline support multiple times in the past.
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