A key Double Bottom has formed on COHR. Analyze the breakout level now.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
A clear signal has emerged for Coherent Corp. (COHR) on the daily chart. With a last close of $222.05, volatility remains active (-8.75%). The primary technical feature is a Double Bottom formation. Volume is strong (1.49x avg) with moderate trend strength (54.1). A potential breakout level is identified at $439.68, targeting $658.68 with support near $330.18 (R:R 2.0).
What is your outlook on COHR?