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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To: the longhorn who wrote (7401)	6/9/2022 11:08:53 AM
From: robert b furman	Read Replies (1) of 7822

Chart update, stockcharts.com CLX studies are positive for the next 2.5 weeks. We do have a full moon to get past on June14th and then a monthly expiration on the 17th. Good possibility of up into expiration and month end. Looks like we may have a bounce off of the Keltner channels mid point. Vortex has remained positive through out this decline. I'm thinking we've had a 1 up in five waves and we're now in the corrective 2 down. Cohu bounced off its 78.6% retrace @ 25.06. It then bounced its head off the 61% retrace @ 30.97. Cohu's 50 day EMA is @ 28.78. Todays low of 28.92 got very close. As we finish up this corrective wave, I'll be looking at the 200 day at 31.92 and the upper keltner at 31.52. Still wanting to see a three handle on this stock. Earnings is a long way off in July. Semi stocks per Les's Macd phase numbers have collectively been rising and Cohu seems to be off cycle from the sector. In past years Cohu has been long to decline and first to break out. As Cohu expands it test and consumables the revenue earned will have greater margins. A time not too far off, will be when we wished we had bought more shares while it was in the twenties. Not many stocks approaching $4.00 a share trade in the twenties! Bob

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