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

To: robert b furman who wrote (7500)	3/9/2023 5:19:17 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 7827

Hi Bob, You see the cup and handle pattern better on the weekly charts. You see it failed the first break out and is setting up for the next try just below the 38.50 level. It needs to break the level for it to run. Keep it mind it has been stalling at the 37 to 38 level most of last year. I think the main concern right now is the fundamentals of chip equip companies. INTC and TSM delaying cap ex expenses. Car companies cutting back on perceived consumer reluctance to buy big ticket items, especially cars. I think you are not seeing discounts on your dealerships yet, but farmers have been doing great most of this year. I would like to know what they think going forward for the next crop cycle. Farmers have to be pretty smart at playing options to hedge the prices on their crops now. Talk about a sophisticated CEO who does not get their due! Running a modern farmer requires you know tech and commodity options trading.

To: robert b furman who wrote (7500)	3/18/2023 12:25:59 AM
From: bearshark	Read Replies (1) \| Respond to of 7827

Going back over 20 years when I was a chartist, I looked at patterns, with failed breakouts, a retest to the apex of the previous formation, and then a breakout. That will work in a neutral market but when every finance show talks about a bank crisis non-stop we have less than a neutral market. The inverted H&S began in Mid November 2022 and ended in late February 2023 followed by a powerful move up to the top of the formation at the beginning of March. Then the first attempt at a breakout failed and retreated to the apex of the inverted H&S at about $35 and now a move back to the top of the formation. It's ready for the move up away from the formation. In a good to neutral market on Monday, a move to about $39 wouldn't surprise me. The important thing is a good base for a move up has been built. On the other hand, COHU management said the trough in its business cycle would be in the 2nd quarter. The fundamentals are not quite aligned with the technicals. It would be nice to see the technicals win out now. Of course, the technicals could move horizontally for several more months. We'll see.