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Technology Stocks : Cohu, Inc. (COHU)
COHU 23.17-4.8%Nov 11 3:59 PM EST

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To: robert b furman who wrote (7336)4/7/2022 8:42:41 AM
From: robert b furman  Read Replies (1) of 7822
 
Chart update,

stockcharts.com

A big ugly gap (that will get filled soon).

Cohu now showing a very clear 5-3-5 zig zag ABC, which first started in January of 2022.

We're in the late stages of 3 of C, with a 4 up yet too go and a 5 down (which can often truncate).

My guess would be 4 up will close the gap and find selling. Then a slow and flat 5 should lead us into earnings time, tentatively scheduled for 4/28/22.

I'm still patiently waiting for a sub $26.00 "add to" opportunity.

So far Samsung and HP have had strong Q1 numbers - looks to me the chip business is doing quite well regardless of crude's price, waring dictators, and green environmentalists failure to embrace environmentally safe, clean, and inexpensive fossil fuel energy.

Bob
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