$Opendoor Technologies Inc(OPEN)$ $Krispy Kreme, Inc.(DNUT)$ $Kohl's(KSS)$ 🏠📊🔥 Millennials can’t buy homes, but they can meme $OPEN to $82 🔥📊🏠
I’m extremely bullish on $OPEN and positioned for a tactical retest above $3.25 with tight stops. After ripping +380% in the past month, this stock has become the undisputed frontrunner of the new DORK stock craze: $DNUT, $OPEN, $RKT, and $KSS. It’s capturing retail imagination just as the U.S. housing market hits its most unaffordable level in history.
The chart is clear. Price reclaimed the critical momentum bar at $2.516 and is now stabilizing within a steep high-velocity channel. If it holds, I’m watching for a reaccumulation pattern and a potential leg higher into the next catalyst. That catalyst? Earnings on 05Aug25. This is where sentiment will be tested.
I’m captivated by the speculative velocity. RSI(9) is screaming at 85.88, firmly in overbought territory, yet volume and momentum have not relented. Whale accumulation sits at 65.64 percent. That’s not retail alone. On 21Jul25, volume spiked to 1.8 billion shares, and on 23Jul25, it printed another 1.07 billion. Compare that to its average daily volume of 164.8 million. This is not noise. It’s a signal.
But let’s not forget the fundamentals. $OPEN posted an $85 million net loss last quarter, and revenue dipped 2 percent to $1.2 billion. Critics argue this rally mirrors the 2021 meme frenzy, where price detached from business reality. Yet unlike then, this feels more generational. Retail isn’t just chasing upside. They’re meme-ing their way out of being locked out of homeownership. Meme it to $82, buy the house with cash?
The DORK stock trend may look irrational, but price action is real. With tight risk management and awareness of the volatility, this could still offer asymmetric reward.
Would you ride this into earnings, or do you think the DORKs get left behind?
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