Danaher Corporation Stock Code DHR.NYS
Price went on a rally after reaching a low on 18 March 2023. However, the rally was unable to move above cloud. In the past 3 trading sessions, candlestick price patterns are suggesting price may have reached a turning point. We are likely to see a reversal soon. Lagging Span is above price of 26 days ago but is below the cloud. We think price is likely to be capped by the lower edge of the cloud and could be moving lower to the previous low at $236.75 in the next 2-3 weeks.
$236.80 Price Target
$256.80 Risk Management Stop
3 weeks Trade Duration