The Long Investor
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$ONON - WATCHLIST -
🕑 Added 2025-01-22 15:04:32 +0000 UTCTWEET:
$ONON held the $59 support line and 50 Day MA and has also made a higher high.....
Technically set up for a strong move higher
Comments
Jeff Vox
They don't share their manufacturing data, so it's an educated guess that they're using Vietnam, China, Indonesia, etc. Pretty much every shoe manufacturer has some of their work done in China, though. I like the company too and am debating an entry. If we hit $54.50 again, I'll likely open a position again.
Chris H
Do you have data on this? I’d love to learn more. Could give an entry position
Jeff Vox
At a minimum, I would expect a third of their manufacturing to be in China.
Chris H
Very odd to have no pullback after this run up though? What do you think?
Chris H
Yup seems like it. Too strong!
Chris H
Is ONON’s manufacturing mainly in china? I wouldn’t be surprised.
Jeff Vox
Are we not concerned this could tank if Trump announces 25% tariffs on China?
DiegoTheSabre17
I was hoping for a handle as well, but it looks like it bounced off the 50 and the cup's lip
Chris H
No more correction to complete the handle in the cup & handle formation?
