DHR -Long set upThis 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.
DHR
DHR FALLFrom 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.
DHR: Long. With quick close conditionWill 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.
Danaher $DHR$DHR is battling with 20SMA. If it succeeds to hold above it, it may bounce bak. Otherwise pull back till $152
Danaher DHR at Gap Support Cepheid FDA Approved Coronavirus TestCepheid 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 below this gap, then we may see a gap fill which is why it's important to use a tight stop. However, I believe it is more likely, especially given the bullish catalyst, that we see the stock rise.
My first target is right below the trapped longs. Anyone who bought in the red rectangle area, is praying for an exit.
The more aggressive target (target 2) is a return to the top of the trend line.
I realize this analysis is simple, but from my experience, it doesn't need to be more complicated. Check my most recent idea where I predicted the top of SPY to the dollar using a single trend line.
Happy trading!
DANAHER CORP. Buy OpportunityThe 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.
