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ON forms 20 Day Moving Average Resistance on October 31
ON finished lower by 1.51% on Friday, October 31st, trading 1.4 times its typical volume. Multiple bearish signals emerged — 20 DMA Resistance, Fell Below 50 DMA & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 49.44, 48.8 & 47.64, with resistance at 51.23, 52.39 & 53.03.
Current SwingTradeBot Technical Rating of ON: C
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