The Long Investor
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$ONON
🕑 Added 2025-04-03 10:46:20 +0000 UTCIn a very similar situation to $LULU, in that they also make their clothes in Vietnam and the share price is down -14% in the PM now.
I would expect both of these companies to put pressure on the Vietnamese government to make a deal with the US quickly or they will have no choice but to move operations.
Price is now down to the 0.618 Fib which we have been very patiently waiting for.
Failure to hold at this level and the next support is at $32.
Which is a far cry from $64 where we discouraged people from adding and now at a -50% discount.
There could be a very fast rebound here if Vietnam can make a deal with the US.
Comments
Chris H
Everything is on discount 😭😭😭 I am SO tempted to load up here rn
Lennart
I live in Vietnam for several years - on the 9th of April a Vietnamese Delegation will fly to Washington to discuss this. The Vietnamese index is destroyed today 😅
Julien
Why do you like better ONON over LULU or NKE?
