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Technology Stocks : Cohu, Inc. (COHU)
COHU 25.12+0.2%Dec 4 3:59 PM EST

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Recommended by:
Blasher
HD911
To: robert b furman who wrote (6597)10/12/2018 7:49:51 AM
From: John Pitera2 Recommendations  Read Replies (1) of 7827
 
COHU Comprehensive Technical Analysis

we shall start with the 1 year daily price chart...



Here is the one year with indicators. the key one to look at here is the one year price that the shares are owned at....

and the top 6 bars representing 85% of the trading volume of the past year is under water... most of them big time and this stock is not going to rally more than a couple of bucks without all those underwater sellers
with the oxygen having left the room their eyes are popping out to get out!!!! and they will sell....... sell... sell.



Here is the 5 year weekly...... This is what a weekly Price monmentum and Money Flow Index weekly divergence looks like...... that stock was the most obvious sell in the year for a few months in the $25 to it's
high at $27....



Here is the the 13 year weekly with 3 of the key Fibonacci price support resistance levels....

the Key point is that



Here is the 25 year chart that shows that that $27 level in August - Sept was so very juicy..... It was the 50% retracement and those looking at the big picture were unloading.... and we have taken out the .382@ $24.62, the stock will go lower.
the 15.60.62 is the breast place to for a trader.....

it's the 200 week MA as well as the additional the magnetic setting of the next major Fib retracement level... ulltimately COHU will resvist 15.60-.63 and



$ 13.37 is THE 200 Month calculates to the the ultimate low I am expecting for COHU.... and takes you bac to support at the 5 year breakout at 13.07....

John
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