At one stage $ONON was up 10% yesterday, outpacing $NKEs performance, even though they had not reported....but this is down to their market cap and nothing else.
Finished the day at 6% up which is a significant chance of direction of late, same with $NKE.
$ONON I believe have been trying to expand into Asia, so an indication that sales in China for $NKE have improved has certainly helped $ONON.
The pull back went all the way into the middle of the 0.5 Fib and 0.618 Fib in Sept so the pull back could be complete but we will have this confirmed on how the price settles over the next few days, staying above the 200 Day MA at $27.50 would be a positive sign.
Adil Dhanani
2023-09-30 15:32:50 +0000 UTCGareth Neary
2023-09-30 13:06:50 +0000 UTCFrancisco Martin
2023-09-30 12:39:11 +0000 UTC