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Technology Stocks : Cohu, Inc. (COHU)
COHU 22.56+3.6%2:29 PM ESTNews

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To: robert b furman who wrote (6467)9/20/2017 5:29:03 PM
From: bearshark  Read Replies (2) of 6483
 
COHU is at just above 72RSI after the close. AMAT, with a similar chart, hit 70RSI and backed off. Both declined nicely today.

In COHU's case, it first must break below the 70RSI which is going to be a barrier now. Since COHU is the stronger stock, I hope to get a good look at COHU, if and when, AMAT's RSI tests 50. That would place COHU at about $21 to $20.

If an overall market decline occurs that lasts more than 3 days, that may knock some strength out of it and force profit-taking. I don't know.
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