Cohu (COHU:NASDAQ)

The semiconductor sector is on the rise as smaller, more powerful chips are in demand across various industries. COHU is leading the trend with their Neon system that’s capable of inspecting devices as small as 0.2 millimeters by 0.4 millimeters. Not only that, but they’ve developed an AI technology that detects defects in chip hardware. This innovation increases the likelihood of catching faulty products before they hit the market. With recent news of COHU acquiring MCT Worldwide, their capacity to automate has expanded. 

We’re optimistic about COHU’s future, with a bullish outlook as long as the stock remains above the $32.00-$33.00 mark. Our upside target for the stock sits at $51.00-$52.00, making it a solid choice for investors seeking a promising opportunity.

BellRing Brands (BRBR:NYSE)

BellRing Brands has emerged as a standalone company after being spun off by Post Holdings. With no ownership left held by Post Holdings, BellRing Brands has seen a remarkable increase in sales of 18.3% or $56.2 million in their most recent quarter, thanks in large part to their Premier Protein line of shakes. The company also enjoys strong pricing power and operates with a unique contract manufacturing network, which ensures minimal investments on their end and safeguards their profit margins. For investors, keeping an eye on the stock’s movement is essential. 

We are confident in BellRing Brands’ future success and have set a target of $42.00-$44.00. As long as the stock remains above $29.00-$30.00, we believe the potential for returns is high.

Ethereum / Bitcoin (ETH/BTC)

BTC has outperformed ETH during the past three weeks, with the ETH/BTC ratio falling from 0.0725 to 0.063.

After reaching its weekly support line, which formed in March 2021, it is currently at a critical point. The ratio could reach resistance at 0.0675, which, if broken, could push it even higher to the 0.07 resistance level, where the weekly descending resistance line intersects. We believe a trend reversal will likely occur.

Keep in mind that the current zone of support reaches as low as 0.06.

Crypto Total Market Cap Exclude BTC and ETH (TOTAL3)

For the past two weeks, the TOTAL3 has been consolidating around $366B (support). 

Over the last three months, most cash has been flowing into BTC, but it looks like the TOTAL3 might be getting ready to pump. The next major level of resistance is at $400B, and after that at $440B, but if the current support does not hold, the next one is at $320B – $330B.