NYSE:DHR   Danaher Corporation
Description: After the price gaped up above a significant resistance level which now acts as support it has formed a bull flag which retraced right to the support level . The trade can be entered immediately, the target is right around 296$ (1:1 Fibonacci extension of the former impulsive move) and the stop should be placed below the support area (244$).

Chartpattern: Bull Flag

Entry: Immetiately

Stop: 244$

Target: 296$

Stopmanagement: ATR Stops daily chart default settings

Risk/Reward-Ratio: 5:1

Intermarketanalyses: Due to the fact that we are probably seeing an increase in inflation which will persist for a longer period of time companies with a high amount of outside capital will underperform the broad market (especially the tech-sector) whereas stocks which are in the defensive sector usually show a relative outperformance
Trade closed: stop reached