Get started
ON Semiconductor Corporation
Long

$ON Breakout Retest Bounce PT $50-$52

By Triple_Barrel_Capital
ON ON Semiconductor Corp

Broke through ~$42.30 resistance last week...appears to have successfully retested that level as support today (combined with 9d ema line support).
Beautiful setup with a high probability of a bounce from here. Note: a close back below ~$42.30 would negate this setup.


Near term target: $50-$52 range possible by end of April (16%-21% return)






Note: This is NOT investment advice. Educational only.
BRBBullish PatternsONTrend Analysis
Triple_Barrel_Capital
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.