Almost identical to the setup on my $TMO post just few minutes ago (search my feed). So no need to repeat the setup logic here. These patterns happen over and over again. You need to train your eyes (and your brain) to spot them and have rules in place to take advantage of them while they are unfolding.
DHR - It is in WXY correction after impulse cycle finished at the major top. The X wave is in progress and expected to finish soon, then sell for Y wave down. Give thumbs up if you really like the trade idea.
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...
Danaher is another nice steady runner. Up around 85% since its March lows, it is currently going through a pullback and almost back at the bottom of its normal trading range. Could be at a reasonable value area. Worth a watch if it heads back up.
Position : Entry price: 234.94 SL: 227.11 (-3.33%) TP: 258.45 (+8.47%) R:R: 3. Fundamentals : Sector: Medical EPS % Chg (Last Qtr): 62% 3 Year EPS Growth Rate: 8% EPS Est % Chg (Current Yr): 36% Sales % Chg (Last Qtr): 34% 3-Year Sales Growth Rate: 2% Annual Pre -Tax Margin: 22.5% Technicals Flag/Pennant breakout with hammer in the previous session.
DHR - It has completed impulse cycle from major bottom in 4 hr time frame. The drop seems wave A. So sell on bounce with stops level above 240.75 near 232-35 level. Stay small in trade until it confirms the trend down. Give thumbs up if you really like the trade idea.
$DHR posted worse than expected earnings but the PEAD projection kept a slight bullish outlook for the stock, with price currently trading just above the median line.
DHR doesn't want to slow down for anything. Here are 10/10 of the picks from the past 2 weeks.
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.
MACD - about to do a bullish cross RSI - ...already there !
Danaher Corp looking for a continuation of the upward impulse.
DHR and its highs have met the upper portion of wedge/resistance. Expecting Bollinger Band rules to push the stock back to reentry 171.64
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.