Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 24.21

+1.8%

Nov 3 9:30 AM EST

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robert b furman

To: robert b furman who wrote (7597)	10/25/2023 3:15:40 PM
From: Johnny Canuck	1 Recommendation Read Replies (1) of 7822

SOX testing a strong support level on the weekly chart. It looks oversold based on the Bollinger Bands so I would expect a bounce soon. COHU may hold this $31 level, but I am looking to re-enter at $28 if it gets there. Consumer demand for products has not been destroyed it is just muted due to higher interest rates taking aways consumer discretionary funds. Sector could fall even more if you look at the SMH chart.

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