ONDS#61
Thesis
Symmetrical triangle coiling; support at $9, resistance at $11-$11.50; RSI neutral at 50; fundamentals unchanged after earnings beat; $50.1M Q1 revenue +1,065% YoY; breakout targets February highs
By @Allstarsv16 · View post ↗
Original post text
$ONDS +12% today. Support at $9. RSI at 50. Neutral. Clean setup. The coil is tightening. Resistance at $11-$11.50 is the level to break. Once that clears, the February highs open up. The fundamentals have not changed since the earnings beat. $50.1M Q1 revenue. +1,065% https://t.co/djMaV7TQqQ
🐂 Bull Case
- Symmetrical triangle coiling with tightening range; breakout above $11.50 targets February highs ($15+)
- Q1 revenue of $50.1M (+1,065% YoY) shows explosive growth; fundamentals supporting the technical setup
- RSI neutral at 50 with room to run; no overbought conditions
🐻 Bear Case
- Gross margin of 44.8% declining; revenue growth of 1,080% is likely from a low base and unsustainable
- Market cap $4.9B for a company with $50M quarterly revenue = extreme valuation (25x revenue run rate)
- Below SMA50 and SMA200 suggests downtrend may still be in effect despite recent bounce
🚫 Invalidation
Close below $9.00 support on above-average volume = triangle breakdown
Break Conditions
- Price fails at $11.50 resistance and closes below $9 support
- Revenue growth decelerates significantly in next quarterly report
Price Tracking
| Label | Ticker | Price | Recorded |
|---|---|---|---|
| t+3d | ONDS | $12.95 | 2026-05-29 18:37:03 |
Metadata
T0 Price: $9.76
Created: 2026-05-26 18:34:20
Scored: 2026-05-26T18:37:16.712091+00:00
Updated: 2026-05-29T18:37:03.500495+00:00