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DANAHER CORPDD

DANAHER CORP

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DAP trade ideas

Danaher Correction Until Early Dec Before Extension of Rally 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 before resumption of the rally. This is extremely speculative so trade at your own risk.
NYSE:DHRLong
by yosip1115
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!
NLong
by ttrending
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