Danaher (DHR) designs, manufactures, and markets medical, industrial, and commercial products and services. I reviewed the charts of DHR on Jan. 24, when I wrote that " I would keep DHR on your watch list, and let's keep watching it for stronger signs that a rally is poised to get going."
It is just shy of three months on, so let's check the charts again. 
In this daily bar chart of DHR, below, I can see that prices weakened from late January into the middle of March. Prices retested the lows of May, June, October and November. DHR has recovered in recent weeks and now trades back above the 50-day moving average line. The daily On-Balance-Volume (OBV) line has been moving sideways the past year. The Moving Average Convergence Divergence (MACD) oscillator is now trying to cross above the zero-line for an outright buy signal.
In this weekly Japanese candlestick chart of DHR, below, I can see that buying interest (support) has shown up many times in the $240 area. Prices are still below the declining 40-week moving average line. The weekly OBV line shows a long decline to late February, but now the line is improving and signaling a shift towards aggressive buying. The MACD oscillator has narrowed and is close to an upside crossover and cover shorts buy signal.
In this daily Point and Figure chart of DHR, below, I can see a $276 upside price target.
In this weekly Point and Figure chart of DHR, below, I can see that the software is projecting a possible downside price target in the $201 area. A trade at $236 or lower is needed to refresh the downside.
Bottom line strategy: Traders could go long on strength above the $265 level -- the 200-day moving average line. Risk to $244. $276 is my nearby price target for now.
