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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.530-0.6%Nov 4 3:59 PM EST
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To: Underexposed who wrote (886)3/24/2021 8:55:48 AM
From: Underexposed1 Recommendation

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Cogito Ergo Sum

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UPDATE on COHU - for Robert Furman


This is the prediction I made 6 days ago (March 18)
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
Well, let us see if anything has changed since then here is the new updated chart



There has been a fair bit of change...not for the good at present.

I drew in a resistance and support line. The diagonal red resistance is approaching the horizontal green support. we still have a bit of wiggle room before there is an outright challenge to the support but that is disappearing fast.

The blue line is where we were on the last analysis and yesterday the complexion of the situation changed with that dip yesterday.

If you look at the indices....the Slow Sto has reversed direction....that is not good... you want to see that reverse to positive...same thing for the MACD.

Looking at the BBWidth...it is basically flat so all is well so far by a thread. If it jumps now that would be a sell signal but there is still time to avoid that.

Conclusion


We missed the "slam dunk" so far...it is still a hold in my books but not a solid one right now. We still have 4 days from my original prediction and I am pretty sure this will be resolved within that time frame.

If the support did fail the drop would probably fall to around $34.00 - $35.00... that is where I would put the next support line.

Watch closely.....fingers crossed

UE
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