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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (53241)	10/12/2020 11:29:31 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68076

COHU through the top of the sideways channel and confirming the break through today. Potential resistance at 22 and 23. Earnings in November. Potential failed break out on IBM. Watch to see if it test the $122 area to see if the sentiment has really changed. Despite the news in the shift in strategy it make take a few quarters for it to shake out and the spin off is potentially a year away or more. Buy for the yield on pullback. It will take a while for this new strategy to play out. A lot of restructuring is necessary. Expect this this to be 2 to 3 year windows for this to play out. Average in on pull backs as opposed to buying breakout on this one during this timeframe. No hurry on T for an entry. Somewhere near $27 for a safer entry. Being hit by re-structuring of the Time-Warner unit which accounts for 20 to 30 percent of revenues. Like most entertainment business the pandemic is limiting production and streaming is still new and competitive channels for now. No idea if streaming services are making money or essentially being a subsidized business unit to grow subscribers with a race to the bottom. TSM confirming new high. Expect lack of capacity on other fabs that can produce the new smaller density have traders think that the production will be insensitive to any slow down in any particular consumer or industry segment. Volume is light on this break out so there is no large number of true believers in this scenario yet. Most people want actual earnings before committing with more money. CCMP echoing a little bit of caution in the semiconductor products segment. They make a slurry that is need to production. The fact it is not at a new high indicates it is not an widely held belief the demand in going to not be a problem. Using QCOM as the gauge for demand on 5G since they still hold critical patents and most manufactures have to license. New high indicates a positive trend. Not gapping out is a good thing as I prefer a slow ramp over multiple years.