FonsieTrader
Sep 27, 12:29 PM
$ON update —
$74 held. The shelf is now support.
Yesterday the line was
$74. Today the daily closed
$77.20 (+5.5%) on 11.2M shares and tagged
$77.68. SCTR jumped to 74.5. The descending trendline is behind us. The
$74–
$76 shelf that was resistance is the first higher-low zone.
Nothing changed in the fundamental. onsemi is still the power layer under the rack.
$15K →
$115K of semiconductor content per AI rack on 800V. AI data-center revenue set to more than double in 2026, again in 2027,
$2.5B+ by 2030. Q2 already printed the cycle turn. Next print November 2.
Structure now:
$74 is the line that must hold on a retest. Next supply is
$80.39. Measured move is unchanged — +64% toward the low
$120S if this reclaim sticks. Lose
$72 and Friday was just a squeeze through the shelf.
Simple read: the test happened. Price accepted above the line. Power density is still the bottleneck.
$74 is support now, not the ask.
NFA.
1 replies