Has the time arrived for the stock to break free from a range heading into earnings next week?
There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025.
Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below.
There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24.
On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.
Persons:
Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON
Organizations:
Nike, Air, swiss, Inside Edge, Edge Capita
Locations:
Swiss, U.S, SKX