Early Thoughts for ON

I am looking at ON Semiconductor here for a potential move to the low $90 range. If the stock can hold strong over what I would call the "mode" in the mid 60s, it is fair to look at the $90 level as a realistic target. The stock has undergone a good bit of balance/consolidation in and around the mid $60 and looks to have a chance to make that breakout into all time highs. We will see over the coming days what the agenda is here, but I wanted to release my early thoughts. Looking forward to see how it plays out. I do have a position in the stock myself. Make sure to always size appropriately and trade safely!

Happy Thanksgiving week from the US and Best of Luck!