onsemi’s (NASDAQ: ON) price action surged in April as signs of broad-based improvement in industrial semiconductor demand gripped the market. The move raises red flags, as its parabolic advance is unsustainable unless, of course, there are forces supporting it.
In this case, onsemi has numerous factors working in its favor, pointing not only to fresh highs but also to a sustainable, long-lasting uptrend that can add significant value to its share price.
