Eben@CANSLIM ResearchOndas Holdings (ONDS) is trading at $8.91, trapped in a Stage 4 downtrend with price below a declining 30-week moving average. The chart shows a faulty deep base pattern with 53.4% depth, signaling elevated failure risk. Market sentiment is bearish, and traders should avoid long positions until a proper base forms.
Technical Analysis
As of 2026-08-13 · Close $8.91
Stage Analysis
Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -4.94%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 53.4%, length 30 weeks, pivot $14.01. Base formed from 2026-01-08 (left-side high) to 2026-08-13, with the low of $6.53 set on 2026-07-17
- Bull Flag after a 42.7% run, currently 8.8% off the flag high
⚠️ Faulty cup warning: the base is 53.4% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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