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Technology Stocks : Cohu, Inc. (COHU)
COHU 29.08-0.2%11:27 AM EST
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To: robert b furman who wrote (7316)3/18/2022 10:27:47 AM
From: bearshark  Read Replies (1) of 7830
 
If this becomes a breakout--and COHU did better than KLIC and AMAT the last 2 days--I'm guessing we would touch about $32, then drop back near the 50 RSI, and then take off in the real move. That's from a description in a book by Brown I bought in the late 90s.

However, I'm thinking that the 50 RSI was a resistance and we sink back to 29 or 28, and of course, I can buy again at a discount. Wishful thinking is a big part of trading.
This is right about where COHU would turn and head back to the 50 RSI--if it does. That's support now. We'll see. This is the 3rd day in a row of it leading the little pack of KLIC, AMAT and COHU. I think it is above 70 on the daily RSI. I did have a buy in at 30.72 but didn't get any. I had the COHUitis twitch.
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