Coupled with mediocre performance and returns, Danaher is giving us a mediocre picture as well fractally. The public ain't buying it, literally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
The PEAD projected a Bullish outlook for $DHR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Similar structural positions in green rectangles
Green trend line is maintained
White dotted line is target on this daily timeframe
The overall pattern once completed could be considered a megaphone
The PEAD projected a Bullish outlook for $DHR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
The PEAD projected a Bullish outlook for $DHR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
DHR - Daily
Waiting for Breakout Minor Down Trend
Demand Area at $261.43 to $ 259.98
Stop Loss at $259.980
RSI is heading out lower bearish zone.
MACD histogram is improving in the last 2 days.
An example of complex WXY correction in place. Or so we believe. These do tend to be shape/saddle shaped.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than...
$DHR like the good size 4 months cup with handle base
Supply around traditional pivot $331 & down sloping trendline (red dotted), making an early cheat entry a bit more challenging.
OBV is so so just flapping sideways, indicating a cheat BO will likely face challenges
$DHR - I traded this one recently and i think it wants to break back to the ATH (with a rotation back to Industrials). Had a strong volume surge today and will be taking calls 2-4 weeks out for a break of the inside day high back to the ATH
I was watching $DHR on the daily time-frame and I have noticed what looks like a very strong breakout. Stock is at its ATH and with this move I am of the opinion that it will attempt to reach $370 levels giving a good 10% return. It is a good buy opportunity with SL below current candle. Let's see what it does. I am making this observation for my reference....
DNH caught itself at the 1.618 fib level of 323.88. If you it can push past its all time high of $333.96 my next target is $343. Breaking past todays high of $331.49 will probably give us the juice to do that. Depending if it gaps up pm Monday I may be a little aggressive with this one. I will look to follow these levels up.
The PEAD projected a Neutral outlook for $DHR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
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$DHR is an example of a low cheat forming right below the 50 MA. Low cheat are a bit more advanced type setups and come with added risk. Naturally low cheats have fair amount of supply to the left of the chart (thus the added risk).
