Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.28

-3.3%

Nov 6 3:59 PM EST

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To: robert b furman who wrote (7500)	3/18/2023 12:25:59 AM
From: bearshark	Read Replies (1) of 7822

Going back over 20 years when I was a chartist, I looked at patterns, with failed breakouts, a retest to the apex of the previous formation, and then a breakout. That will work in a neutral market but when every finance show talks about a bank crisis non-stop we have less than a neutral market. The inverted H&S began in Mid November 2022 and ended in late February 2023 followed by a powerful move up to the top of the formation at the beginning of March. Then the first attempt at a breakout failed and retreated to the apex of the inverted H&S at about $35 and now a move back to the top of the formation. It's ready for the move up away from the formation. In a good to neutral market on Monday, a move to about $39 wouldn't surprise me. The important thing is a good base for a move up has been built. On the other hand, COHU management said the trough in its business cycle would be in the 2nd quarter. The fundamentals are not quite aligned with the technicals. It would be nice to see the technicals win out now. Of course, the technicals could move horizontally for several more months. We'll see.

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