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Is COHU preparing for a move? NR7 shows up after advancing 2.26%
On Wednesday, July 8th, COHU moved up 2.26% while volume was to 0.8× the usual levels. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 50.3, 48.48 & 47.3, with resistance at 53.3, 54.48 & 56.3. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of COHU: B
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