Peter Smith
⬤ $ONDS has been locked in a tight range between $11.70 and $14.09, with the price now pushing against the upper boundary. Every time it approaches $14.09, sellers step in and knock it back down—those repeated wicks above resistance tell the story. Support at $12.85 has been holding firm during pullbacks, keeping the stock from sliding further. Trading volume has stayed elevated throughout this consolidation, meaning plenty of eyes are on this one even as it trades sideways.
⬤ The upcoming investor day could be the spark that finally breaks this stalemate. The Stochastic RSI has pulled back a bit from overbought territory, which might signal that the bulls are losing steam. If ONDS can punch through $14.09 and hold above it, we could see a nice run higher. But if it gets rejected again, expect a drop back toward $12.85 or lower. Whatever gets announced at the investor day will likely determine which direction this thing goes.
⬤ Right now, the price is at a crossroads. A clean break above $14.09 opens the door to new highs, while continued rejection at resistance could send it back down to test support. The slight cooling in the Stochastic RSI suggests momentum might be fading, so traders need to watch the next few sessions carefully to see which way the wind blows.
⬤ ONDS is consolidating in a critical range, and the investor day is shaping up to be the deciding factor. Whether it breaks out above $14.09 or retreats to $12.85, traders are glued to the charts. Keep an eye on volume and the Stochastic RSI to get a read on whether this consolidation resolves bullish or bearish.
Peter Smith
