Schwab Network

Chart of the Day: ON Upward Resistance


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Charles Schwab's Kevin Horner switches on the technical analysis for Onsemi (ON) ahead of its earnings report out after Monday's close. On the 30-day timeframe, he notes an upward resistance level around $66 with downside support near $58. Zooming out to the daily 1-year chart, he reiterates the same levels for ON's technical makeup but adds that the 50-day moving average is hovering near $58 as well.


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