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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.530-0.6%11:53 AM EST
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From: Underexposed3/18/2021 2:59:38 AM
2 Recommendations

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the longhorn
The Ox

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This is an analysis of COHU and BRKS at the request of Bob Furman.

1. COHU Cohu Inc



Starting off with the P&F chart you can see there was a bearish call in this type of chart back in early March but that has ended as of a couple of days ago with the rebound in the price. The outlook is Bullish now with a target of $62.00. I would take that target with a grain of salt but it is a positive outlook. The column MA's were looking about to turn bearish but a continued rise of the share price would blunt that to Neutral Bullish.

The "Trigger" chart is interesting In the top circle you can see that drop in price but the price has now risen above the 20day SMA as well as the 50day SMA .... this is not definitive but is Mildly Bullish. Now look at the three indicators below. See how the Slow Sto is rising first and it is strongly rising above 50, followed shortly afterward the rise of MACD.....is this a buy signal???? Nopes, not yet.... but it is encouraging. Look at the BBWidth...it is still in decline. It is the "Trigger" to calling it a buy or sell. That is when it rises suddenly and that won't happen for about a week or so. If the Slow Sto and MACD continue their rise it will be another rise....so far things look Mildly Bullish


The Sentiment chart on the left looks pretty good in a mild way. Let's start at the top

See the reversal of the Par Sar...I don't put a whole lot of faith in this overlay unless it is in the throat of a Bollie squeeze and this is pretty close to such an event Mildly Bullish

The Force has climbed out of the mud and back to being green Mildly Bullish
The RSI looks to be going positive but I would rate that as Neutral Bullish

The ADX DI+/- is showing indecision...see how it is crossing and recrossing...I call that chaining. you cannot call a direction from such a structure but it should resolve itself soon.....Neutral.

The Ichimoku chart looks great

See how the share price entered the green cloud which was not good but it DID NOT breach the other side which would have been very bad...the edges of clouds are resistance or supports depending on the direction of the price....and you can see that support at the bottom and NOW it has breached the top resistance of the upper edge of the green cloud....that is Mildly Bullish now but once it clears the minor green hill before it... then it will be full on bullish

The On Bal Vol is Bullish
the CCI is Neutral

ROC is a new indicator that I am trying out...I cannot reliably use it so far and will probably turf it soon.

Conclusion

There is not a bearish bone in this chart's body...so it looks good for the future.... BUT IT IS NOT A SLAM DUNK YET. If you wanted to add more shares or buy in for the first time, I would wait and see what happens when the BBWidth eventually rises suddenly...I figure that will happen in 5-10 business days. So right now it is a pretty solid HOLD


UE


PS: I will do BRKS tomorrow it is getting late.
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