Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.94

+2.9%

Nov 7 9:30 AM EST

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From: Underexposed	3/15/2022 6:23:51 PM
	Read Replies (1) of 7822

A week has passed since my last post and my bearish view on COHU has not changed much at all... it is still in Bear mode It has not been rising....at the most it has been going sideways for the most part. Above the top circle you see a red line...Back in February this was a support line but now since that line has been breached it has become a resistance linethat has refused several attemps to recross it. The current support line is hard to define at this point, I don't use standard parameters for my indicators. They were chosen by tireless testing before being selected. The Slowsto short rises and falls...this is indecision to me and it hovers in the bearish 20 range. The MACD is not rising it is basically flatlined. If the share price were rising..the Slow sto would rise first then MACD would follow next. The BBWidth is topping out slowly. There is no MACD/BBWidh pinch here...the end of January shows a proper such formation... the next major movement in price will occur when the BBWidth falls to about 12. before that happens the share price will wander perhaps eventually reaching the 20day SMA as it goes sideways. The ichimoku chart is very bearish....The share price is far below the red cloud and the three indicators are decidedly bearish....the share price is very bearish and even if it reaches the lower edge of the red cloud, its ability to rise further woul halt there for a while. You may make money buying/selling on tiny dips lasting a day or two but it is definitely not what I would describe as a long term hold. UE

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