Coming off oversold and making a bounce at a trendline established in March of 2020. Financials look good. Future EV and Electonics looks to become more prevalent. Onsemi may bounce back nicely from its recent sell off. Probably in the range of $77 and $80 where there was prior activity.
Comment:
Could've aligned the trendline with the bottom of July 2022 to make it clearer. The idea is the trendline.