The Long Investor
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$ONON
🕑 Added 2025-03-21 13:55:04 +0000 UTC$ONON is likely struggling today due to the markets reaction to $NKE's earnings.
The 0.5 Fib is showing cracks now at $43 and a move down to the standard 0.618 Fib at $39 could very easily be tested next here.
I believe this is an opportunity if support is held at $39, as $NKE's decline is likely a benefit to $ONON.
I have this in a larger cup and handle formation, so we are looking for the handle to complete now, similarly to $OSCR.
So I would consider this a good add once support is held and $39 would be a nice area to add.
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Yasser Etman
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