Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.24

-4.1%

12:11 PM EST

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To: robert b furman who wrote (7587)	8/17/2023 3:10:31 PM
From: Johnny Canuck	Read Replies (1) of 7822

Longer term view of COHU chart. Note that COHU is a critical point. It has been in a slightly up sloping channel since October 2022. It is now at the bottom of the channel. A lot of traders bought at this level based on the volume by price plot. A break of this level will create massive selling. It needs to hold this level or this stock is in trouble in the intermediate term. On the plus side it seems to bounce at the bottom of the channel the last few times. I think CAP EX expectations are changing given potential muted consumer demand across a range of product classes. Higher interest rates are just starting to bite and AI chip demand is being offset by decline in demand for chips in other sectors - mobile and it looks like automotive is just starting to bite as backlogs are starting to clear and demand is muted as you have noted.

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