$ONON - WATCHLIST - HIGH PRIORITY -
Added 2024-06-28 10:34:52 +0000 UTCOk we have our drop down to the 50 Day MA and the 0.38 Fib now, helped along by $NKE's disappointing earnings and guidance....this is only a correlation drop but in actual fact, $ONON is taking market share from $NKE, as they are in the high premium segment and gaining in popularity.
I notified the group in November when I was in Tokyo that I could not believe how popular $ONON were with the young generation there which is why we started a position back then and sold at $35.
So I am keen to enter again if support is found here now.
Keep this on watch today, it may benefit from $NKE's demise.
