ON Semiconductor Corporation
Long
Updated

Falling wedge on $ON weekly chart

Looking pretty bullish. Just cleared all the weekly VWAPs and EMA on today's close. Right at the volume shelf. Monthly still has some VWAPs to clear but I think over the next 4-6 months, this could be a great breakout play.

Bullish and am currently long.
Trade active
This is going to be a tough one to hold through... Currently testing 200w VWAP so we'll see if it bounces. Lots of price suppression.
Note
While still in a falling wedge, this is now looking bearish. Didn't shape up like I expected it to and is now below the 200W VWAP.

Swing and a miss!

Disclaimer