$ON Breakout Retest Bounce PT $50-$52

9 thg 4, 2021

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.