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Technical Analysis: ON Semi’s Breakout and Pullback

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September 9, 2022

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ON Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of the market, and is now bouncing.

The first pattern on today’s chart is the falling trendline along the peaks of January, March and June. ON broke that resistance in early August and is …

For more, please click here to view the related idea and chart analysis on TradingView.

ON Semiconductor (ON), *daily chart with selected patterns and indicators, courtesy of TradingView*.

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