After a great start to 2019 , DHR has stalled for the past 3 months and has been in a consolidation phase, we see a short term breakout above $145.
Danaher Corp. operates as a medical company, which designs, manufactures, and markets professional, medical, industrial and commercial products and services. It operates through the following five segments: Life...
Weekly Chart. W RSI is <20.
S/R at approx 135/136 Mid BB% also Daily MA100
Looking for Reversal to mean higher.
Taking 135/130 Put Credit Spread.
Also picked up 140 call for Directional Bias Higher.
Sept Exp .
Ideally Exit around RSI 50/70 from W Chart or sooner if in decent Profit. !
Good Luck - Watch your $$$ RISK
Despite the acquisition of GE Biopharma the stock performance this year is hard to quantify, it does seem that it has ran a little too far to fast and needs a healthy pullback. We assume that when the selling does start it could snowball into quite a drop as large profits are banked and sellers find it hard to offload their portfolio. We will be looking at this as...
Daily looks like range bound consolidation
4 hour tweezer top, red outside
Yes, higher high, lower high; counter intuitive trade
Double top fractal on lower time frames... See 2hr, 1 hr, can argue for daily also.
Insiders selling strong for the month of november
Cashing our at the top... Now way... they would never!!! ;)
Zoom out and trace the diamond tops!
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.
Trend/Resistance line: DHR Has recently overtaken a long-term resistance trendline starting in 2010 on the weekly chart and is currently using it as a loose support trendline. The chart, on both the weekly and daily timeframes, is showing an ascending wedge, with the stock gaining momentum we should see the price move past the resistance made in the 103.60-104.00...