About to go long DCI Donaldson Company due to the breakout with volume of the small base, which is also a new 52-week high. Also part of a strong sector. Target is open-ended.
Donaldson Company shares have consolidated near the strong USD 36-37 support level for the second month in a row. On the daily chart, RSI shows a bullish divergence. RSI crossed 50 and is testing the mark to the downside. Should this level hold within two trading sessions, then there will be a buy signal, with the first target price at USD 40.
My forecast...