I like ONON here and it looks to be setting up nicely - Need price and short term MA's (yellow line is 10SMA and magenta line is 20SMA) to climb again above the 50day SMA (blue line) - and that would be a good entry for a possible new leg up from what may look like a 2nd bull flag.
but here's the tip for this post: If you use K-MACD, you can see how extended the price is above the base MA (in this case the 50d SMA), the all-time high/low and the most recent 52wk Hi/Lo by exposing the data window and reviewing these details ..
for an accurate reading of price extension above base MA, make sure to:
* choose "Relative" mode (which will show percentage instead of absolute $$ values)
* set the slow line to a value of 1 - and that will pinpoint the closing value of the bar - rather than the value of an MA.
* play around with other settings as you need -can change the base MA to whatever you consider to be your "bull / bear" baseline .. in this case, i go with 50d SMA
thinking it may be useful to add other key data points there like ATR & RS - may be valuable to look at before making a trade decision.
but here's the tip for this post: If you use K-MACD, you can see how extended the price is above the base MA (in this case the 50d SMA), the all-time high/low and the most recent 52wk Hi/Lo by exposing the data window and reviewing these details ..
for an accurate reading of price extension above base MA, make sure to:
* choose "Relative" mode (which will show percentage instead of absolute $$ values)
* set the slow line to a value of 1 - and that will pinpoint the closing value of the bar - rather than the value of an MA.
* play around with other settings as you need -can change the base MA to whatever you consider to be your "bull / bear" baseline .. in this case, i go with 50d SMA
thinking it may be useful to add other key data points there like ATR & RS - may be valuable to look at before making a trade decision.