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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (682)	12/20/2019 10:16:22 AM
From: Underexposed	1 Recommendation Recommended By kimberley Read Replies (1) \| Respond to of 914

Many years ago Cohu was steady just above $30.00. The earnings came out and they collapsed to below $10.00. Although Cohu's recent high was 27.00 ish, I still wonder if there is not a resistance level at 30.00. If we ever do surpass that old high level of $30.00. I suspect we'll be well on our way to old ATH of $61.75. Well it took some digging to come up with a chart that goes back far enough....usually 10 years of data is the most that the usual chart services store, Well COHU has touched $30.00 several times from about 1997 to 2006 but that was a decade ago and back then $30 was certainly the resistance to pass...which it did as you say double that to about $61for a heart beat before falling heavily back to about $10.00 the current resistance of $27.00 is certainly probable....maybe $30 if this stock has a memory from almost 2 decades ago...but I think if $27.00 is breached the $30 level would easily fall... it is too old. I don't put much credence with really old resistance levels.... it may climb to $61 again .... anything is possible but it did not last there long....probably it was caught in that .com bubble where most of NASDQ Stocks lost their shirts. Anyway... live for the day, Robert... I would not dwell on decades ago success. :) UE