$ON HAD BREAKOUT N IN THE INITIAL RETEST STAGEON #NASDAQ its on. #semiconductor Another breakout on the move. Looks like a possible retest giving us a good chance of getting in.with a possibility of 20% upside for now,
O2NS34 trade ideas
ON Semiconductor is sitting at pivotON Semiconductor is sitting at pivot on the 4hr chart and RSI 25 crossover:
break out = $41
R3 = $40.09
R2 = $39.43
R1 = $38.77
pivot = $37.86
S1 = $37.12
S2 = $36.38
S3 = $35.55
break down = $34.61
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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pi RSI - trend momentum
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$ON$ON is in a strong uptrend and maintaining an excellent upward channel on the weekly chart. The daily chart after a shallow pullback will likely make a new all-time high(ATH).
-Southwind
ON SEMINCONDUCTOR CORP - Q1-2ON's bullish energy continues!
Strength through Q1 & Q2.
Target Resistance: $52.84
43% growth potential (from this point)
'Possible" Minor Resistance and Support coming up.
$ON – Rising Wedge$ON
Broke down out of wedge. Seems like a correction before continuing long.
NASDAQ:ON
$ON On Semiconductor On Breakout Alert
Potential long opportunity developing as the stock approaches its ATH.
Upside Fibonacci targets from $30.75-$36.90
Alert set for break above $28.00
ON SEMICONDUCTOR Title Hey traders, ON SEMICONDUCTOR is in a fake bullish movement with sellers refusing and more selling volume than buying. We can see on the TIMEFRAME 1 Min a reversal to go upward, strong propability of breakout the equilibrium zone to go to the next highs. With the buying force it remains to be seen how buyers behave on the highs.
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ON SEMICONDUCTOR ($ON): Will ON be Having an OFF Day?✨ New charts every day ✨
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Expectations of Q2 earnings are low for ON Semiconductor, and last quarter performance was underwhelming as well. There is likely a short setup here, and with earning only a few days away on May 14th, it makes sense to find our short now.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling downtrend (Maroon bar color) on the 4 hour chart. While this downtrend started a while back, it is still technically in play and that means we want to look for short setups with our strategy.
2. With the strategy, we are looking to open a short position after a reaction from either a bearish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias.
3. R1 and R2 are looking like probable resistance and could result in a continuation of the downtrend after they are retested.
4. Our entry for R1 depends on what the open looks like Monday. If the entry makes sense with Monday's open, we have a target of S1. Our stop for the R1 entry is set in a way that gives us roughly a 3:1 risk to reward ratio here since there aren't a lot of levels of interest to use for stop placement.
5. Our entry at R2 will be in play if our R1 entry fails. With R2 we have placed our stop right above the bearish order block above our R2 entry. The target for our R2 entry is S1 as well.
6. The overall market might be in recovery mode, and ON might be recovering too, but this chart is still in a bear trend. Thus, taking this short at resistance into what is likely a bearish earnings makes sense.
Price action & Psycholog - Pullback and gapsHello !
Key points :
Support : important zone on weekly chart, amplified by breakaway gap, previous resistance on daily chart
Pullback 50% Fibonacci
Exhaustion gaps coupled with higher trading volume
Despite the market drop on friday, it held the support
The support is on an important zone on the weekly chart, which explains why the breakaway gap formed. I can imagine people thinking "if it's not holding the support I'm selling" and some people started (probably because the overall market was weak) bidding lower prices pre-market.
On the way up, it is very clear that the stock encountered a resistance on that particular zone. The fact that it broke out, means that there has been a psychological shift in people's thinking. Which makes this zone now a decent support.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it only takes ONE trader to deny your trade.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
ON Semiconductor $ONAnalysts expect that ON Semiconductor Corp will report earnings of $0.16 per share for the current fiscal quarter, $ON posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 62.8%.
It is forming ugly double bottom if it breaks above $15.20 and gartley, bearish
On Semiconductor approaching DOTCOM highIts 20 years in the making, but ON semi looks like hitting a new high soon.
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Analog Solutions Group segment comprises analog, mixed-signal, and advanced logic application specific integrated circuits and products, and power solutions for automotive, consumer, computing, industrial, communications, medical, aerospace, and defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.
Very strong daySemis were impressive today, need to see where we open but this one is back on watch for a breakout over 22.00. Very strong candle on daily.
ON, getting ready to ripWatching ON for a breakout over 22.00, should be a pretty big move when it happens. Don't sleep on this one.
Option traders bet big in On Semiconductors. AVERAGE ANALYSTS PRICE TARGET $23
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 15
SHORT INTEREST 7%
COMPANY PROFILE
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Analog Solutions Group segment comprises analog, mixed-signal, and advanced logic application specific integrated circuits and products, and power solutions for automotive, consumer, computing, industrial, communications, medical, aerospace, and defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.
