$ONDS Technical Breakout Setup Ahead of Earnings
$ONDS has regained the 0.5 Fibonacci level and reclaimed the $8 area, showing improving momentum after the recent consolidation.
The next major technical hurdle to watch is the 200 EMA. A successful breakout above this level could confirm a stronger trend reversal and open the path for the next phase of the move.
With earnings scheduled for August 13th before market open, the upcoming report could become an important catalyst.
If the bullish structure continues to develop, the long-term Wave 3 target around $20 remains in focus.
