$ONON - WATCHLIST -
Added 2024-07-15 11:19:02 +0000 UTC$ONON bounced on its 200 Day MA in May and hit our Wave 3 target, the pull back has been standard so far to its 0.38 Fib for support and what we are waiting for now is a recapture of the 50 Day MA at $38.40, holding above this level, means a higher high and higher low and following our Wave 5 projection.
Olympics will be starting in about 10 Days and I believe that $NKE is also in an oversold position, it is hard to believe that these companies will not get a bounce from the Olympics.
I will be keeping an eye on this.
