ON Semiconductor Stock: Short-Term Consolidation Likely, But Long-Term Setup Remains Intact
1. ON is in the 17th phase of an 18-phase cycle. 2. Structural patterns show no signs of immediate bullish movement. 3. Recent declines paused near the key Nirvana support level. 4. Existing investors should hold; new entrants should wait. 5. Upcoming phase 9 may lead to significant upside potential.