Welcome to our weekly trade setup ( DHR )!
Bullish waving market structure..
Bearish market turning bullish now!
Expecting more upside towards towards previous highs and beyond.
ENTRY LEVEL @ 224.85
SL @ 215.15
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do...
Danaher corporation NYSE:DHR is looking like it wants to break out but it has been caught between the 8 and 21 EMA for about 5 days. We know that price does not stay in a consolidated area forever, but can take its sweet time before it decides to move. Currently, the price for DHR is $225 per share, which is between the upper and lower Bollinger bands. The...
Danaher is a strong stock. It has made employees millionaires for decades. I happened to open the chart today and saw it is in a fairly steep correction as of early November. This is an exciting opportunity to buy the dip in my opinion.
I will be looking to enter longs at the market resistance level around $205. I would expect an ABC zig zag corrective pattern...
$DHR.ASX Shaping nicely - Upper gap around 0.016c
Dark Horse Resources Limited (DHR, formerly Navaho Gold Limited) is a mineral resource company with a particular focus on Argentina, where it has invested in gold with goals to discover a multimillion ounce gold deposit.
Number of shares 4,036,368,444
This is pure technical set up. I have not read through or done fundamental analysis on this ticker however the set up is strong should it break to the upside. Very strong potential for a nice reward. This is an opinion.
From a technical point of view, a notable loss of bullish strength is observed as can be seen in the difference between the inclination of the first line and the second. DHR touches resistance and creates a double top pattern.
In addition, on May 29 there was a large movement of insiders.
It is likely to fall, the target would be 150.
Will long DHR at open, and may very quickly close out the trade if the candle pattern and volume for the day invalidate my trade.
What I would like to see:
- a rejection pattern candlestick, or a big green candle tomorrow.
Cepheid created a diagnostic test that could detect the novel coronavirus in approximately 45 minutes. This test was just approved by the FDA today. Also, Cepheid was just bought out by Danaher (DHR). This is why I'm doing an analysis for Danaher.
Looking at the DHR stock, we see that it just reached the top of the gap that appeared in February 2019.
If it goes...
The positive company profile and the strong structure, as well as the continuation of the bullish l market in the US stocks, indicate that a new bullish wave for the Danaher stock could start.
The break out of the triangle at 104.30 may trigger the new buy rally.
Levels as described in the chart.