[Entering Position In On Semiconductor (ONNN)]
Dear Member:
On Semiconductor (ONNN)looks as though it may be completing a consolidation and has formed a reverse head and shoulders. MACD and DMI are both positive and there is a reasonable exit set by the 18 day moving average in case I am wrong on direction. The one downside is that earnings are scheduled to be announced late next week and often there is a dip on earnings announcements.
I am looking a a partial position in ONNN with a limit order of $10.
DISCLOSURE: At the time of publication, I have no position in ONNN.
Sincerely,
Bill Kraft
|
