Stock Of The Day: Will On Semiconductor's Meltdown Continue?

There has been more supply, or shares for sale, than there has been demand, or shares to buy, for ON Semiconductor Corporation ON, pushing the price lower.There is a good chance that a new downtrend is forming. This is why our team of technical analysts has made it our Stock of the Day.Sometimes, analysts overcomplicate technical analysis. They seem to forget that if understood and applied correctly, it is the analysis of supply and demand in a market.If demand and supply are equal, or if there’s more deman ...