Trade Plan (Short-Term Swing) for $ONON Semiconductor CorporationBATS:ONswingstocktraders🔍 Chart Setup & Trend Timeframe: Daily chart Trend: After a prolonged downtrend, ON appears to be forming a base and attempting a short-term reversal. It is testing resistance around $57, and a breakout could trigger bullish continuation. Price is approaching the 50-day EMA, which is a key level to watch for confirmation. 📊 Key Indicators RSI: ~52 ↳ Neutral, but trending upward. Room to grow before hitting overbought levels. MACD: Bullish crossover just occurred ↳ Momentum is shifting in favor of the bulls. Volume: Modest uptick on green days—sign of early accumulation. 🔧 Support & Resistance Immediate support: $54.80 (recent swing low) Resistance 1: $57.00 (current test level) Resistance 2: $60.00 12% Target Price: $63.40 🎯 Trade Plan (Short-Term Swing) Entry Zone: $56.60–$57.10 (on confirmed breakout) Price Target (12% gain): $63.40 Stop-loss: $53.90 (below recent low and EMA20) Risk/Reward Ratio: ~1:2 or better depending on entry