Use advanced tools to confirm the Descending Triangle on ON before you trade.
Bearish continuation pattern.
ON is showing interesting structural developments at $86.81. The stock is trading at $86.81, down 3.68% on the day. Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 20.0/100, suggesting moderate momentum. A potential breakout level is identified at $83.35, targeting $34.28 with support near $95.49 (R:R 4.04).
What is your outlook on ON?