The Long Investor
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$ONON
🕑 Added 2025-02-19 12:08:59 +0000 UTCI am very happy to see $ONON move down and still in search of support, it is a company I made some nice profits on last year and would bite at the chance to get another good entry, before catching the next leg higher.
We can see that the 200 Day MA is moving up to the 0.38 Fib at $48.48 now, so this is an area of interest for me....ideally a further drop down to the 0.618 Fib at $38 would be even more attractive.
But they have their earnings on the 4th of March before the market opens, if the price can continue to drop until earnings, we could get our entry point.
A bullish move for me here is recapturing the blue line at $55.97, this could allow a strong move higher.
