$ON hit a new 60-day high: the previous high was 0.2787, and the current price is 0.214 (back within the range).
A 60-day high is a short- to medium-term signal, reflecting shifts in strength over the past two or three months. Trading volume also surged to 6.4 times its previous level, but unfortunately the breakout didn't hold, so this set of signals should be taken with a grain of salt.
Rather than guessing a target price, watch to see whether 0.2787 can turn from resistance into support.
A 60-day high is a short- to medium-term signal, reflecting shifts in strength over the past two or three months. Trading volume also surged to 6.4 times its previous level, but unfortunately the breakout didn't hold, so this set of signals should be taken with a grain of salt.
Rather than guessing a target price, watch to see whether 0.2787 can turn from resistance into support.
