OPEN: Opendoor 2.0. Four steps to profit (update)Opendoor Technologies IncBATS:OPENTotoshkaTradesOpendoor Technologies is a platform for buying and selling homes online. The company is shifting from a direct purchase model to a technology platform using artificial intelligence. On February 19, 2026, the company reported fourth quarter 2025 results. Revenue came in at $736 million, down 32% year over year but beating estimates. Net loss for the quarter reached $1.1 billion, with a loss per share of $1.26. Cash on hand stands at $962 million. Market capitalization is $4.5 billion. The 52 week high is $10.87, the low is $0.51. Since October 2025, the company has been led by CEO Kaz Nejatyan, who introduced a four step plan. First, achieve breakeven on adjusted net income by the end of 2026. Second, increase transaction speed and launch mortgage lending. Third, reduce inventory days on market. Fourth, transition to a capital light model. The plan is working. Since September 2025, home acquisition velocity has increased 300%. In the last week of Q3, the company bought 128 homes; in the last week of Q4, it bought 537. The October 2025 cohort, the first full Opendoor 2.0 cohort, shows the best margin among all October cohorts in company history. In Q4, homes acquired grew 46% quarter over quarter. The capital light Cash Plus model grew from 19% to 35% of weekly volume. Average inventory days on market decreased 25%. The company launched a mortgage lending pilot program in Q1 2026. The next report is expected on April 30, 2026. On the weekly chart, a golden cross is confirmed: MA100 crossing above MA200 from below. This is a long term trend reversal signal. Price is in the second retest zone of the 0.618 Fibonacci level at $4.70–4.80. The first retest was in February. Current price is $4.74. Support at $4.36 and $2.48. Resistance at $9.53, $10.87, and $21.64. The $4.70–4.80 zone is the key entry area. The golden cross is confirmed, the 0.618 retest is in progress, and price holds above both MA100 and MA200. Targets: $9.53, then $10.87 and $21.64.