Possible another leg upHigher low is forming. It did not break in the last trading days. I can see another leg up before the next earnings.
Target: $44
Stop loss: $37
Easy risk manageable trade.
For self-education use only. Not financial advice.
4ON trade ideas
NEW POSITION $ON Target 44.34 for 19.71% $ON Target 44.34 for 19.71%
Or double position at 29.74
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ON rally after earningsSector is bullish on a Fundamental Macro point of view. EPS is expected to be up 14% from last year.
$ON Back to the trading range?ON bounced off the daily 8 EMA last week, but it's in a bull-flag formation at the moment. I would like to see a stronger decline in volume in the next few days, for ON to go back down to the range it had been trading for a month, in order to cool off indicators before ER and get ready for a move higher. This bull flag could be breaking out any day, but so far indicators show a little bit of cooling off before that happens. Anything below the trading range on the chart, should be a change of trend to the downside.
$ON Breakout Retest Bounce PT $50-$52$ON ON Semiconductor Corp
Broke through ~$42.30 resistance last week...appears to have successfully retested that level as support today (combined with 9d ema line support).
Beautiful setup with a high probability of a bounce from here. Note: a close back below ~$42.30 would negate this setup.
Near term target: $50-$52 range possible by end of April (16%-21% return)
Note: This is NOT investment advice. Educational only.
$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,
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
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
$ON$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 $28.00
ON SEMICONDUCTOR Title Hey traders, ON SEMICONDUCTOR is in a fake bullish movement with sellers refusing and more selling volume than buying. We can see on the TIMEFRAME 1 Min a reversal to go upward, strong propability of breakout the equilibrium zone to go to the next highs. With the buying force it remains to be seen how buyers behave on the highs.
Please LIKE & FOLLOW, thank you!
ON SEMICONDUCTOR ($ON): Will ON be Having an OFF Day?✨ New charts every day ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
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
---
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.
