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

To: robert b furman who wrote (7385)	5/24/2022 2:29:02 PM
From: Underexposed	Read Replies (2) \| Respond to of 7822

Well I cannot stay away from this stock forever but my contributions will probably be monthly. Hoping my expectation of a three handles comes far quicker than expected! Gonna be a wealth defining event yet. Cohu up $2.07 to $29.78. I'm thinking about a bottle of wine tonight and a C-8 coming my way. LOL I don't know how you arrive at your decisions but immediately after you made this prediction it fell again to less than $26 and rose to $30 (no prediction this time) and now it is headed back down toward $26 again. To me this is a sign of indecision of the market. Cohu is like a small boat responding to the waves on the ocean. it is bobbing along at the whim of those waves. The P&F chart is not encouraging....it is in a triangle but these triangles are generally a continuation indication...not always but it is a general trend. By continuation, it means that how it enters the triangle it usually exits in the same direction. So it has entered in a negative direction....so it will probably exit in that direction. The column SMA's are also negative and the distance between the red/blue lines is getting more bearish as time goes on. The Trigger chart in a word is "meh!" . The indicators are just drifting lower...until the BBwidth gets to about 10 in its own chart... nothing earthshaking will happens to the price... up or down...Cohu's boat is just bobobbing along in the storm. The price itself is in a trough between resistance and support. it is not a strong trough but could be if it keeps this form. There is nothing special in the main sentiment chart. as far as indicators go: Force 100 - neutral RSI(30) - neutral ADX(30) - shows chaining which indicates indecision The Ichimoku chart is interesting...in the main chart you see the share price tried to get above the red cloud but that attempt failed and the price has fallen back below the red cloud and that is bearish. the indicators show: On Bal Volume - Bearishly neutral CMF - headed bearish Spectalk - this is a new indicator for me and I like it...this is very bearish with the blue line far below the red one. Conclusion This is a bearish set of charts...it may bounce off that support shown in the P&F chart but it will soon return and eventually breach that support. Put your wine on chill...still far from celebration. UE