👟💡 On Holding (ONON) Analysis 📈🔍

Market Insights:
On Holding ONON, a global sports product developer, is demonstrating strong potential as it approaches a crucial resistance level within a bullish cup and handle formation, signaling possible substantial gains.

Endorsements and Analyst Sentiment:
The brand benefits from endorsements by high-profile athletes, including Roger Federer. Analysts like TD Cowen's John Kernan are bullish, with raised price targets and maintained buy ratings, indicating strong growth prospects.

Expansion Plans:
ONON's expansion into the Asia-Pacific market presents significant opportunities, with plans to open 100 new stores. The successful Cloudmonster franchise has driven robust sales, positioning ONON for further growth.

Investment Outlook:

Bullish Outlook: We are bullish on ONON above the $30.50-$31.00 range.
Upside Potential: With an upside target set at $51.00-$52.00, investors should monitor technical patterns and earnings reports for confirmation of this growth potential.

📊👟 Keep a close watch on On Holding's performance for investment opportunities! #ONON #SportsProducts 📉🔍