COHU trade ideas
COHU #breakingout of #CupandHandle #ChartPatternI posted about this pattern forming few days back and we seem to have gotten the breakout today from the #cupandhandle #chartpattern. If the market doesn't pull back hard from here (what? ), this one is heading higher and towards the #chartpattern price target.
post from few days ago.
COHU Forming a Well Defined #CupandHandle #ChartPatternClear horizontal resistance on this cup and handle pattern against NASDAQ:COHU . A decisive breakout opens the door to test early year's high around $26. Breaking the pattern resistance also breaks the 200 day MA to the upside, adding to the validity of the breakout.
COHU Detected possible increase in guidance!!!COHU: cohu inc
2018-03-21 08:00:14
Detected possible increase in guidance
Going long COHU on Wednesday. COHU is printing a bullish candle over candle price bar on above average volume, near its 50 DMA, with my momentum/trending oscillators confirming the price move. I am going long COHU on Wednesday using a limit order (GTC-BUY-LMT) @ 25.43. I will have two trailing sell stops (GTC-SELL-STP) @ 23.73 and 22.71 to protect my initial invested capital in case COHU does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from Feb. '17 - Oct. '17.
