Long trade
COH at support
Mid range of ascending channel
Broader economic downturn may invalidate however aging population should continue to provide strong fundamental growth opportunities.
Cochlear recently broke down from range highs/distribution. It appears to be printing an ascending triangle, a continuation pattern suggesting further downside ahead. I am looking to fill a short around 232 or on the breakdown.
Here we are in a bullish channel situation on 4 hours. So if we have the breakout with force the resistance line by a big green candle with a large green volume it's mean that we will have a big probability of an uptrend. But, we must be vigilant. In other hand, if we have the breakout with force the vwap indicator and the support line by a big red candle with a...
Cochlear Ltd has just recorded 5 consecutive down weeks. Since 2000, the 11-week forward interval following this type of persistent weakness is unblemished. 11-week average return 10.30%, win rate 15 from 15, standard deviation 6.39%, median 11.45%, maximum 23.32%, minimum 2.24%.
Interestingly, looking at the in-sample data of this particular setup, of the...
Blue Chip Boomer stock - watch it crumble with the rest of the market, This company is kind of good at diluting loyal shareholders who are not large shareholders - Enjoy the bloodbath.
Cochlear Ltd (ASX:COH) has underperformed the All Ordinaries Index for 5 consecutive weeks (relative up week followed by 5 relative down weeks). Since 2000, this type of relative underperformance is reasonably rare having been observed on 14 overlap adjusted occasions (at least 13-weeks between each event over continuous rolling 13-week intervals).
This relative...
COH seems to be a buy right away, as it has bounced off with a massive Bullish Candle, with above average High Volume and simultaneously giving a Bullish MACD Cross. It has been falling off like a rock since the 19th of November High of roughly $240.00 all the way down to around $177.00 (Support Zone), shedding almost 26%, but I think we may have seen a Medium...
ASX:COH has formed a Cup and Handle on the 1 hour chart which serves as a strong typically serves as a strong buy signal. Could be potential for a breakout with some a shift in momentum. Volume was strong on the upside and has been depleting on the sell side which is textbook for a cup and handle. Will need to see a break above the 199.78 for breakout to occur.
Share prices have reached the bottom of the price channel in the 30 minutes price chart and have the potential to head back up if it remains within the price channel.
