LeLaf

ON: Bullish Flag (30%) Ascending Triangle (77%)

Long
NASDAQ:ON   ON Semiconductor Corporation
OnSemi is a semiconductor company part of the Information technology sector.

Left hand side graph shows a confirmed bullish flag on the daily with a possible total gain of 30% and a price target of 77.98$$.

Right top graph shows the weekly chart with a confirmed ascending triangle and possible gains of 77% for a price target of 76$$.

Both daily and weekly graphs show a similar positive trend and similar price targets.

The information technology sector is shown on the bottom right graph (weekly chart). This time we have price action running within an ascending channel with an obvious uptrend. This reinforces the possible gains for OnSemi. Information technology is carrying stocks within the sector with a pretty good momentum with no end in sight.

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