When Coherent (COHR) Moves Investors should Listen

July 04, 2022, 18:45 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Coherent (NASDAQ: COHR) report below is a real world example. Included are trading plans for COHR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for COHR

• Buy COHR slightly over 257.27 target 267.64 stop loss @ 256.53 Details

The technical summary data tells us to buy COHR near 257.27 with an upside target of 267.64. This data also tells us to set a stop loss @ 256.53 to protect against excessive loss in case the stock begins to move against the trade. 257.27 is the first level of support below 266.22 , and by rule, any test of support is a buy signal. In this case, support 257.27 would be being tested, so a buy signal would exist.

• Short COHR under 267.64, target 257.27, stop loss @ 268.41 Details

The technical summary data is suggesting a short of COHR as it gets near 267.64 with a downside target of 257.27. We should have a stop loss in place at 268.41though. 267.64 is the first level of resistance above 266.22, and by rule, any test of resistance is a short signal. In this case, if resistance 267.64 is being tested, so a short signal would exist.

Swing Trading Plans for COHR

• Buy COHR slightly over 267.64, target 270.30, Stop Loss @ 266.87 Details

If 267.64 begins to break higher, the technical summary data tells us to buy COHR just slightly over 267.64, with an upside target of 270.30. The data also tells us to set a stop loss @ 266.87 in case the stock turns against the trade. 267.64 is the first level of resistance above 266.22, and by rule, any break above resistance is a buy signal. In this case, 267.64, 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 COHR near 267.64, target 263.95, Stop Loss @ 268.41. Details

The technical summary data is suggesting a short of COHR if it tests 267.64 with a downside target of 263.95. We should have a stop loss in place at 268.41 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, 267.64, 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 COHR

• Buy COHR slightly over 267.64, target 268.40, Stop Loss @ 267.02 Details

If 267.64 begins to break higher, the technical summary data tells us to buy COHR just slightly over 267.64, with an upside target of 268.40. The data also tells us to set a stop loss @ 267.02 in case the stock turns against the trade. 267.64 is the first level of resistance above 266.22, and by rule, any break above resistance is a buy signal. In this case, 267.64, 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 COHR near 267.64, target 265.88, Stop Loss @ 268.26. Details

The technical summary data is suggesting a short of COHR if it tests 267.64 with a downside target of 265.88. We should have a stop loss in place at 268.26 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, 267.64, 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.

COHR Ratings for July 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	257.27
P2	265.88	263.95	267.64
P3	268.40	270.30	276.91

Support and Resistance Plot Chart for COHR

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