$ONON
Added 2024-03-28 13:48:59 +0000 UTCBoth $ONON and $LULU had similar earnings reports....both reacted the same post report but one recovered immediately, while the other is lagging....Nobody can explain why this happens but unfortunately it does .....however I feel both are excellent companies with bright futures.
Only explanation I can gather is that $LULU's chart went invalid, while $ONON did not and held at a strong confluence level.
Overall I think I have lost about 2-3% on my $LULU position but it would not discourage me from taking this risk again as I am disciplined on my buys and sells, when it became invalidated I reduced my risk.....so 2-3% loss compared to 30% gain by taking the same risk on $ONON is worth weighing up.
$ONON looks set to continue moving higher to our Wave 3 target at $39.
