odeaolay
Long

DHR Danaher Corp. Possible 10%+ Upside

NYSE:DHR   DANAHER CORP
Trend/Resistance line: DHR Has recently overtaken a long-term resistance trendline starting in 2010 on the weekly chart and is currently using it as a loose support trendline . The chart, on both the weekly and daily timeframes, is showing an ascending wedge , with the stock gaining momentum we should see the price move past the resistance made in the 103.60-104.00 range.

MACD (12, 26, close): The MACD indicator is showing a bullish signal on the weekly, assuming the current price action remains the same we should see this crossing be confirmed within the next two weeks. Not only does the weekly MACD look promising but the daily does as well, making higher bullish crossings, signaling increasing momentum.

RSI (14): RSI on both daily and weekly have overtaken the 50 mark, again signaling the gain of momentum, which will be vital for breaking past resistance.

FIB lines: Weekly fib lines have been marked on the chart, with the red being possible stops and green as my current price target, which loosely aligns with analyst recommendations. Daily chart supports these targets as well, although slightly lower at a price target of 108.00
Comment: Didn't entirely play out the way I had wanted it too, but still green off strong earnings and spin-off announcement. Hoping to see a breakout of this wedge with weekly MACD cross, if not I will consider cutting the stock.
Currently holding 15 shares at 101
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out