DHR trade ideas
DHR and it's highs have met upper portion of wedge/resistanceDHR and its highs have met the upper portion of wedge/resistance. Expecting Bollinger Band rules to push the stock back to reentry 171.64
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.
DHR formed a cup and handle pattern but needs higher volumeDHR in the daily chart has broken out off a cup and handle pattern. It however lacks enough strong volume to justify the breakout. The volume was actually decreasing in the last trading sessions. Maybe we get more daily bars printing at this breakout level with higher volume.
ANALYSIS for DANAHERHello traders, For DANAHER we can see the sellers were present especially the last day, upward signal possibility that we go to the consolidation zone, see if we will break it ...
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Danaher $DHR$DHR is battling with 20SMA. If it succeeds to hold above it, it may bounce bak. Otherwise pull back till $152
Danaher Corp [ NYSE: DHR ]Danaher Corp
Pending Order Placement
Entry Placement 170.64
Take Profit Placement 186.96
Stop Loss Placement 159.76
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!
i48.DHRBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
DHR at a good spot to take riskA messy breakout here has left us with a proper opportunity on Monday morning to take some risk with a stop at the 144 spot. I'm looking at some 2mo ATM calls.
DHR: further downside potential?A confluence of technical indicators pointing to a bearish bias.
Deteriorating trend.
Downside momentum supporting a bearish trend direction.
Time to exit: +/- 21 October 2019
