ON Semiconductor - betting on corrective UT rally
On Semi conductor's selling has been weakened since Nov 23 and the larger falling wedge is pointing towards a larger bullish reversal pattern. First the cup and handle is close to a completion and will confirm the pattern once it breaks above US$72.84 resistance.
Volume is low but is a potential sign of accumulation. Long-term MACD is close to a bottom crossover. Stochastic Oscillator is oversold. 23-period ROC shows bullish divergence.
Hence will consider buying at spot or wait for pullback at 65.13 support. Target is at 79.85 and 98.54.
Volume is low but is a potential sign of accumulation. Long-term MACD is close to a bottom crossover. Stochastic Oscillator is oversold. 23-period ROC shows bullish divergence.
Hence will consider buying at spot or wait for pullback at 65.13 support. Target is at 79.85 and 98.54.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。