Aug. 29 at 11:26 PM
$ON | Comprehensive Trade Setup 📊
• Market Structure: 1W chart holding structural support directly on the high-volume node near
$71.20. Long-term indicators are bottoming out in oversold territory while institutional sweeps load 03/19/2027
$90 Calls at
$14.37 (
$72.61 spot, needing +24.0% upside to fulfill the
$90 strike price).
Key Technical Breakdown:
• Key Confirmation Pivot:
$79.78
• Core Support Base:
$71.20
• Overhead Target Objectives:
$109.79 /
$134.92
• Risk Invalidation Floor:
$56.40
Options Flow Implied Targets:
• Flow Order: 03/19/2027
$90 Calls (BUY Ask Sweep @
$14.37)
• Strike Fulfillment Gap: Requires a +24.0% rally from
$72.61 spot
Tactical Outlook:
A clean defense of the
$71.20 floor sets up an asymmetric reversal. Reclaiming
$79.78 opens the door for a retest of
$109.79.
#ON #optionsflow #stocktrading #technicalanalysis #hovdid
