ON Semiconductor (ON) remains on my watchlist after an extended pullback. While the stock has been under pressure over the past several months, the company continues to be one of the leaders in power semiconductors, silicon carbide (SiC), automotive electronics, industrial automation, and AI infrastructure.

The company recently delivered stronger-than-expected quarterly results, with management highlighting accelerating demand from AI data centers while maintaining its long-term position in automotive and industrial markets. Although sentiment toward semiconductors has been mixed, the fundamentals remain solid.

Key Levels I'm Watching:

🟢 $85.63 – First resistance. A break above could signal buyers stepping back in.

🟢 $90.24 – Major resistance near the 200 EMA. Reclaiming this level would strengthen the bullish case.

🟢 $95.00 – Next upside target.

🔴 $80.00 – Immediate support.

🔴 $76.71 – Secondary support.

🔴 $72.10 – Major support if selling resumes.

I am not entering simply because price is at support. I want to see confirmation that buyers are returning before considering a position. These levels are part of my personal watchlist and risk management plan—not financial advice.

Always wait for confirmation and manage your risk.