Best Stocks To Buy Now Coherent COHR For June 29 2010

My latest stock pick and a stock I personally purchased at the start of trading on June 28 2010 is COHR. My point of view is that if I'm not prepared to stake my own personal funds in a stock trade, then how could I recommend that anybody else do the same? I place my own money where my bravado is and you can look forward to not anything less from me.

Looking at the weekly chart of COHR, it shows a good uptrend in place since March of 2009. However here is the genuine kicker. The broad markets have yet to cause COHR to break its tough uptrend! You understood that right! Coherent (COHR) has been in a constant powerful uptrend ever since March of 2009 and all the song and dance in the broader markets, like the Euro crisis, the Gulf of Mexico oil leak, the S&P 500 precariously close to the closing of the neckline on a Bearish Head and Shoulders Top, even housing construction in a double dip, during all of it, Coherent (COHR) has continued to remain in a powerful uptrend!

Another thing that is really good with the weekly chart is that it does not show a spike up. Neat Bullish Head and Shoulders formations have produced support levels the whole way up.

If you zoom out on the weekly chart and go all the way back to 2008, you can spot that a huge Cup and Handle chart pattern was created with the cup line about ready to close at $37.75.

If you keep track of me on Twitter or Facebook then you knew seconds after I purchased this stock right after market open on June 28 2010 and that I liked the Bullish Flag or Bullish Wedge breakout on the daily chart. I took a quick picture of the breakout formation and sent it to you over Twitter and Facebook.

What I thoroughly enjoy about this Bullish Flag breakout is that the price pulled back to test the upper trend channel wall of the Bullish Wedge and it bounced off this mark on enormous volume. Thus we have yet one more confirmation of the Bullish Wedge breakout on the daily chart.

In this video I do technical analysis on COHR Coherent in four time frames: weekly, daily, hourly, and 15 minute. My aspiration is to allow you inside my head and describe for you precisely why I like this stock.