$ONEM instituted a structural bullish trend channel since the early days of November 2020. This trend channel was subsequently violated with an unusual high volume accumulation on 19th January 2021, which immediately gapped higher on the following trading session.
At the current junction, $ONEM reflect signs with confluence of technical price support during the last two days of broad market correction. It is currently sitting on a classical resistance turned support level at $55, trendline support, 20DMA support, along with the first positive Day closing for the week.
The immediate resistance for $ONEM is at $60, which also coincide as a round number psychological resistance level.
At the current junction, $ONEM reflect signs with confluence of technical price support during the last two days of broad market correction. It is currently sitting on a classical resistance turned support level at $55, trendline support, 20DMA support, along with the first positive Day closing for the week.
The immediate resistance for $ONEM is at $60, which also coincide as a round number psychological resistance level.