ONG seems to be turning around. On the daily chart, ONG has confirmed a closing price break above the long-term downtrend line—this is a clear trend reversal signal, finally breaking free from the previous prolonged decline.

If there is a slight pullback afterward, that breakout zone could very well become a good testing point and may be considered as an entry opportunity.

Looking upward, there are also several quarterly-level target levels to watch. Once it stabilizes at this position, the rebound potential is worth期待.