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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (6467)	9/20/2017 5:29:03 PM
From: bearshark	Read Replies (2) \| Respond to of 7827

COHU is at just above 72RSI after the close. AMAT, with a similar chart, hit 70RSI and backed off. Both declined nicely today. In COHU's case, it first must break below the 70RSI which is going to be a barrier now. Since COHU is the stronger stock, I hope to get a good look at COHU, if and when, AMAT's RSI tests 50. That would place COHU at about $21 to $20. If an overall market decline occurs that lasts more than 3 days, that may knock some strength out of it and force profit-taking. I don't know.