Coherent has reached a new milestone
This week, the laser systems and semiconductor technology company Coherent Inc. marked a significant milestone in laser transceiver production at its Malaysia plant. The company is one of the world's largest manufacturers of critical parts for fibre optic networks. Sales of Coherent solutions may surge amid the large-scale construction of new data centres for artificial intelligence (AI) computing.
Coherent's recent achievement of producing its 300 millionth laser transceiver at its Malaysia plant is a testament to its unmatched technological prowess.
These transceivers, small laser emitters that encode light for transmission over fibre-optic communication lines, are known for their reliability, compactness, low power consumption, and minimal heat generation.
Coherent's large-scale production of these high-quality transceivers underscores its ability to manage complex supply chains and fulfil large orders.
Let's review the technical analysis of Coherent Inc. (NYSE: COHR) shares to explore potential trading opportunities.
On the Daily (D1) timeframe, a resistance level has formed at 72.50 USD with support at 64.10 USD. A steady upward trend began at the end of November 2023. If a downward trend arises, the target for the decline could be set at 55.20 USD.
If the uptrend continues and there is a rebound from the resistance at 72.50 USD, the short-term target could be set at 82.75 USD. In the medium term, the price may rise to 98.50 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Coherent's recent achievement of producing its 300 millionth laser transceiver at its Malaysia plant is a testament to its unmatched technological prowess.
These transceivers, small laser emitters that encode light for transmission over fibre-optic communication lines, are known for their reliability, compactness, low power consumption, and minimal heat generation.
Coherent's large-scale production of these high-quality transceivers underscores its ability to manage complex supply chains and fulfil large orders.
Let's review the technical analysis of Coherent Inc. (NYSE: COHR) shares to explore potential trading opportunities.
On the Daily (D1) timeframe, a resistance level has formed at 72.50 USD with support at 64.10 USD. A steady upward trend began at the end of November 2023. If a downward trend arises, the target for the decline could be set at 55.20 USD.
If the uptrend continues and there is a rebound from the resistance at 72.50 USD, the short-term target could be set at 82.75 USD. In the medium term, the price may rise to 98.50 USD.
__
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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