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Coherent COHR Proactive Strategies

Don't over think it!  Trading Coherent (NASDAQ: COHR) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for COHR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if COHR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for COHR too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for COHR
  • Buy COHR slightly over 262.84 target 272.61 stop loss @ 262.08 Details
  • The technical summary data tells us to buy COHR near 262.84 with an upside target of 272.61. This data also tells us to set a stop loss @ 262.08 to protect against excessive loss in case the stock begins to move against the trade. 262.84 is the first level of support below 269.42 , and by rule, any test of support is a buy signal. In this case, support 262.84 is being tested, a buy signal would exist.

  • Short COHR under 272.61, target 262.84, stop loss @ 273.4 Details
  • The technical summary data is suggesting a short of COHR as it gets near 272.61 with a downside target of 262.84. We should have a stop loss in place at 273.4though. 272.61 is the first level of resistance above 269.42, and by rule, any test of resistance is a short signal. In this case, if resistance 272.61 is being tested, a short signal would exist.

Swing Trading Plans for COHR
  • Buy COHR slightly over 271.83, target 272.61, Stop Loss @ 271.04 Details
  • If 271.83 begins to break higher, the technical summary data tells us to buy COHR just slightly over 271.83, with an upside target of 272.61. The data also tells us to set a stop loss @ 271.04 in case the stock turns against the trade. 271.83 is the first level of resistance above 269.42, and by rule, any break above resistance is a buy signal. In this case, 271.83, 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 271.83, target 267.47, Stop Loss @ 272.62. Details
  • The technical summary data is suggesting a short of COHR if it tests 271.83 with a downside target of 267.47. We should have a stop loss in place at 272.62 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, 271.83, 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 271.09, target 271.83, Stop Loss @ 270.46 Details
  • If 271.09 begins to break higher, the technical summary data tells us to buy COHR just slightly over 271.09, with an upside target of 271.83. The data also tells us to set a stop loss @ 270.46 in case the stock turns against the trade. 271.09 is the first level of resistance above 269.42, and by rule, any break above resistance is a buy signal. In this case, 271.09, 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 271.09, target 267.47, Stop Loss @ 271.72. Details
  • The technical summary data is suggesting a short of COHR if it tests 271.09 with a downside target of 267.47. We should have a stop loss in place at 271.72 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, 271.09, 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 May 15:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 251.93
P2 267.09 267.47 262.84
P3 271.09 271.83 272.61
Triggers may have already come
Support and Resistance Plot Chart for COHR

COHR Long Term Analysis for May 15 2022

Blue = Current Price
Red= Resistance
Green = Support

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