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hitchcoxg
Oct 16, 2023 8:08 PM

DHR Sell off Misunderstood. Long

Danaher CorporationNYSE

Description

The recent DHR Sell off is Misunderstood IMO.
Thoughts where that the recent weight loss drugs innovation will negate the need for life or medical device support for these patient types.
And while this is true in the short term, it does not negate the requirements - unless a complete reversal of the said symptoms is seen.
It only extends that outcome.
Only a severe change of one's past poor lifestyle will change this.
However as creatures of habit - do we stop drinking (or worse smoking) or enjoy a chocolate?
A few of us do. Not me YET.
Anyway we will have to see further market consideration and price action.
Lets see.
Smash that Rocket Boost if you like my Analysis.
This is not advice.
Regards Graham.
Comments
DevinL22
What is that green and yellow wave indicator?
hitchcoxg
@DevinL22, Trend Indicator Tweeked. Do you like it?
DevinL22
@hitchcoxg, yes I do
hitchcoxg
@DevinL22, Its the Dziwne Trend Cloud Free on TV. (I just changed the settings.) I use it on multiple time frames. i.e 15M 1h, 4H, 1D, 1W etc to analyse. Also the CCI indicator which is a modified Stochastic. >100 Blue = +ve. <100 = -ve. Also the IMACD Impulse Moving Average Change Difference. Light Green = Strong Positive Momentum. Blue = Early Buyers but more Risky. Then VWMA i.e VWAP and always log them using ALT+H from 4H, 1D, 1W so Trend Change can be deduced. Lastly EMA's and I use the 200D and 50D and look for the Swapping as Trend Clue's for Upside / Downside. I also use Callouts to markup the chart pattern and News, and where I bought and sold. Its a visual Diary so you can see ones good and bad decision's. Trust this helps. Regards. Graham.
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