$ON Back to the trading range?
ON bounced off the daily 8 EMA last week, but it's in a bull-flag formation at the moment. I would like to see a stronger decline in volume in the next few days, for ON to go back down to the range it had been trading for a month, in order to cool off indicators before ER and get ready for a move higher. This bull flag could be breaking out any day, but so far indicators show a little bit of cooling off before that happens. Anything below the trading range on the chart, should be a change of trend to the downside.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.