DHR, Massive BULLISH Wedge-Formation, Major BREAKOUT Incoming!

Hello There!

Welcome to my new analysis of DHR. The stock market is in a really important condition currently as there are many interesting stock gems within the market I have spotted in my analytics backend. One of the interesting gems I recently spotted for a major opportunity on the long side of the market is DHR. This gem has major underlying potential to increase a huge breakout dynamic in the upcoming times.

When looking at my chart now DHR is bouncing several times within the major ascending channel formation, this channel formation is a substantial origin of several support bounces from where DHR could increase with bullish momentum volatility. Now, DHR is bouncing within the range for the next consecutive time and is already marking the level as a main support from where the next main bullish expansion spike is likely to emerge.

What is so important within this whole newly developed formational structure is that DHR is now also forming this momentous descending wedge-formation in which it already completed the coherent wave count especially bouncing within the lower boundary of the wedge and is now building up the further determinations. The fact that DHR already completed the wave count and bounced within the lower boundary is already nearly completing the whole descending wedge formation.

With these main underlying confirmational developments, DHR is building a massive bullish base here. Putting this into perspective this means that DHR is likely to emerge with the final wedge-breakout within the next times which is going to form the completion-setup with the breakout above the boundary as marked in my chart. Once DHR has formed this completion-setup it is going to be the main origin of the bullish wave-expansion towards the upper directions and reaching the target zones with the wave-C extension.

Thank you everybody for watching my idea about DHR. Support from your side is greatly appreciated.

VP

Comment:

UPDATE: With a new technology adoption acceleration within the industry sector life sciences increasing further within the upcoming times this is going to have a tremendous bullish effect on DHR as well as DHR is operating in this sector.

Comment:

ANALYSIS UPDATE: There is already a massive bullish volume setting up on the local terms aiming for a huge bullish breakout to emerge in the next times.

In this case, the final entry will be measured accordingly.

Comment:

ANALYSIS UPDATE: A major open interest increase in the technology sector of life sciences is going to indicate a demand breakout expansion faster than the price action goes.

Comment:

UPDATE: DHR is continuing to increase bullish market sentiment ready to accelerate the final upper boundary breakout in the next time.