When the Price of Cohu COHU Talks, People Listen

May 15, 2022, 14:30 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Cohu (NASDAQ: COHU) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for COHU can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for COHU

• Buy COHU slightly over 26.41 target 30.03 stop loss @ 26.33 Details

The technical summary data tells us to buy COHU near 26.41 with an upside target of 30.03. This data also tells us to set a stop loss @ 26.33 to protect against excessive loss in case the stock begins to move against the trade. 26.41 is the first level of support below 29 , and by rule, any test of support is a buy signal. In this case, support 26.41 would be being tested, so a buy signal would exist.

• Short COHU under 30.03, target 26.41, stop loss @ 30.12 Details

The technical summary data is suggesting a short of COHU as it gets near 30.03 with a downside target of 26.41. We should have a stop loss in place at 30.12though. 30.03 is the first level of resistance above 29, and by rule, any test of resistance is a short signal. In this case, if resistance 30.03 is being tested, so a short signal would exist.

Swing Trading Plans for COHU

• Buy COHU slightly over 29.22, target 30.03, Stop Loss @ 29.14 Details

If 29.22 begins to break higher, the technical summary data tells us to buy COHU just slightly over 29.22, with an upside target of 30.03. The data also tells us to set a stop loss @ 29.14 in case the stock turns against the trade. 29.22 is the first level of resistance above 29, and by rule, any break above resistance is a buy signal. In this case, 29.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COHU near 29.22, target 27.64, Stop Loss @ 29.3. Details

The technical summary data is suggesting a short of COHU if it tests 29.22 with a downside target of 27.64. We should have a stop loss in place at 29.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COHU

• Buy COHU slightly over 29.22, target 30.03, Stop Loss @ 29.15 Details

If 29.22 begins to break higher, the technical summary data tells us to buy COHU just slightly over 29.22, with an upside target of 30.03. The data also tells us to set a stop loss @ 29.15 in case the stock turns against the trade. 29.22 is the first level of resistance above 29, and by rule, any break above resistance is a buy signal. In this case, 29.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COHU near 29.22, target 28.41, Stop Loss @ 29.29. Details

The technical summary data is suggesting a short of COHU if it tests 29.22 with a downside target of 28.41. We should have a stop loss in place at 29.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

COHU Ratings for May 15:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	26.41
P2	27.22	27.64	30.03
P3	28.41	29.22	34.06

Support and Resistance Plot Chart for COHU

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