$ONON is battling on the 0.38 Fib, which is the standard pull back level for a Wave 4.
We can see that the 50 Day MA has offered some resistance here today at $38
So a flip of the 50 Day MA to support and the price has recaptured both support levels and this would be a bullish set up.
mehta
2024-07-08 15:25:55 +0000 UTC