Breakout pending
This 
ONT trend has been developing for 30 days now - Once that ceiling is broken you would expect a decent return - Entry is tough on this one as exposure down to a sensible stop loss is too big as things stand - 6%+ is too much for my liking.
May have to wait for the breakout, if it comes, and look to get the retest as that ceiling has stood firm, so it should act as a strong support too.
I will just be watching for the time being and see what happens before making some kind of decision.
ONT trend has been developing for 30 days now - Once that ceiling is broken you would expect a decent return - Entry is tough on this one as exposure down to a sensible stop loss is too big as things stand - 6%+ is too much for my liking.May have to wait for the breakout, if it comes, and look to get the retest as that ceiling has stood firm, so it should act as a strong support too.
I will just be watching for the time being and see what happens before making some kind of decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.