$ON Breakout Retest Bounce PT $50-$52
ON ON Semiconductor CorpBroke 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.
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