The Long Investor
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$ONON
🕑 Added 2025-02-12 17:55:48 +0000 UTC$ONON has not been able to hold the important blue support line at $55.97 so far and the price is moving down to the 200 Day MA which is in between the 0.38 Fib and the 0.5 Fib levels between $48 and $43
A test and hold between these Fib levels and we could be looking at the handle formation complete and there should be a bounce back up to the blue line again
If the bulls can recapture the blue line at $55 to support then there is considerable upside and the technical target is at $96.
