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Technology Stocks : Cohu, Inc. (COHU)
COHU 22.11-1.3%Nov 14 9:30 AM EST

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To: robert b furman who wrote (7326)3/20/2022 8:53:14 PM
From: Johnny Canuck  Read Replies (1) of 7825
 
Someone woke up traders to beaten down semi and semi equipment stocks last week.
I am not sure a bottom is in but a tradable rally is showing itself.

COHU down trendline broken to the upside but it may have trouble clearing this $32 level as a lot of people bought at this level and will be looking to get out even. Day 4 of the current run so expect some profit taking Monday or Tuesday. If it clears $32 cleanly it has a chance to run to $38 though COHU is frustratingly slow to react sometimes.



Bought some TSM for a trade last week on the start of the bounce. Eyeing KLAC but no entry yet.

No idea if NVDA bounces more as we enter their developer's conference. It is virtual and I am attending so lets see what announcements they make. I have not had a chance to do more than just glance at the agenda.
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