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Directional Movement Crossover Bearish appears for COHU after 6.38% move
COHU closed down 6.38% on Thursday, July 16th, with volume running 0.7× below average. The session formed a Directional Movement Crossover Bearish, often signaling a possible continuation. Key support levels exist at 49.89, 48.26 & 46.23, with resistance at 53.55, 55.58 & 57.21. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of COHU: D
There’s more where that came from. See all of today’s signals for COHU here.
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