COHU - Reading the Charts in Cohu to Generate Trading Plans
When we read the charts for Cohu (NASDAQ: COHU) we are able to reach conclusion that are not otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for COHU and it demonstrates this practice. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 38.17 | |||
| P2 | |||
| 48.53 | |||
| 49.24 | |||
| 45.80 | |||
| P3 | |||
| 50.37 | |||
| 53.40 | |||
| 54.36 |
Long Term Trading Plans for COHU
April 12, 2021, 8:15 pm ET
The Technical Summary and Trading Plans for COHU help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this COHU Report.
COHU - (Long) Support Plan
The technical summary data tells us to buy COHU near 45.80 with an upside target of 54.36. This data also tells us to set a stop loss @ 45.67 to protect against excessive loss in case the stock begins to move against the trade. 45.80 is the first level of support below 48.84 , and by rule, any test of support is a buy signal. In this case, support 45.80 is being tested, a buy signal would exist.
COHU - (Short) Resistance Plan
The technical summary data is suggesting a short of COHU as it gets near 54.36 with a downside target of 45.80. We should have a stop loss in place at 54.52though. 54.36 is the first level of resistance above 48.84, and by rule, any test of resistance is a short signal. In this case, if resistance 54.36 is being tested, a short signal would exist.