The Long Investor
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$ONON
🕑 Added 2025-03-27 12:56:42 +0000 UTCWe can see that the price action has been testing the 200 Day MA from below here which is also at the 0.38 Fib at $48.8, if a lower low is made below $43.50 then we can expect a move down to the standard pull back area on the 0.618 fib at $39.
I think holding at this price would be a great add for long term. Right now, we have a test of support on the 0.5 Fib but it is not confirmed yet, a hard rejection at the 200 Day MA will allow this price to drop down to $39.
I will monitor this closely.
Comments
Gareth Neary
That would be an appropriate hedge
Taylor D
Cap, once this hits an appropriate buy range, would thinking about this as a hedge alongside a NKE investment be the right idea?
