Feb. 3 at 2:46 AM
$ON 🔌
Rebounding today (+2.7%) as we head into the final stretch before Q4 earnings on Feb 9! 🗓️ Market is pricing in a
$0.62 EPS, but the real story is the guide on SiC demand and that massive
$6B buyback. 🏎️💨 Watching for a pre-earnings "run-up" to test the recent
$65+ highs.
Key Levels to Confirm:
🐂 Bulls: Need to hold
$62.33 (today's high) to confirm momentum for a run to
$65.77 /
$66.86.
🐻 Bears: Looking for a failure at
$62.00 to send it back toward the
$56.77 (50-day MA) support zone.
Eyes on the semi-sector volatility! 🐺 #hovdid