$ONON has just raised its head above the yellow trend line today, so we want to see this level flipped to support next at $30.10
The First and Second Target have been on this chart for the last few weeks but today we have added the impulse wave and we can see that the 1.618 Fib aligns perfectly with the First Target, which is a very interesting coincidence, meaning, it is a confluence level.
The pull back in Jan also held the 0.618 - 0.65 Fib support levels too....so this is in a good position to move higher, once it holds support above $30.10
Put this at the top of your watchlist along with $ABNB this week.
Trevor Sweetnam
2024-02-12 16:02:33 +0000 UTC