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

To: robert b furman who wrote (7316)	3/18/2022 10:19:11 AM
From: robert b furman	Respond to of 7830

Cohu's 50 DAY ema is $31.45. Bid/ask as I type is $31.47 to $ 31.59. 50 sma is $31.74 Normal to expect some digestion here at whatever 50 day one tracks. Today is a full moon and that usually drags things lower but it does that + or- 2-3 days, so that may be over. My climax studies suggest a strong support next week (after Monday) on the 10 day and also on the 30 (after Monday). The offsets on monday for both the 10 and the 30 are small positive numbers : +2 and +1. If Cohu can close over the 50 at the close, we could have strong legs all next week. Note that Macd as turned up and has a long way before it gets over 1.5 and the vortex is now on a course of a positive crossover, which adds to the reversal bullish TA story. Today is Quadruple witching, which means a lot of volatility and volume ( like this mornings 73,000 shares the first minute of the open and then a nice run up on half that volume over the next 30 minutes. Big money settling out the close of the quarter. May it be an indicator of more to come! God's speed and long legs COHU! stockcharts.com Bob

To: robert b furman who wrote (7316)	3/18/2022 10:27:47 AM
From: bearshark	Read Replies (1) \| Respond to of 7830

If this becomes a breakout--and COHU did better than KLIC and AMAT the last 2 days--I'm guessing we would touch about $32, then drop back near the 50 RSI, and then take off in the real move. That's from a description in a book by Brown I bought in the late 90s. However, I'm thinking that the 50 RSI was a resistance and we sink back to 29 or 28, and of course, I can buy again at a discount. Wishful thinking is a big part of trading. This is right about where COHU would turn and head back to the 50 RSI--if it does. That's support now. We'll see. This is the 3rd day in a row of it leading the little pack of KLIC, AMAT and COHU. I think it is above 70 on the daily RSI. I did have a buy in at 30.72 but didn't get any. I had the COHUitis twitch.