TaPlot

$TMO 2+ Month Cup and Handle Setup

Long
NYSE:TMO   Thermo Fisher Scientific Inc
Thermo Fisher forming a cup and handle breakout setup. The stock had a nice early long entry that I have marked on the chart. Tight price action and low volume are the optimal characteristics I look for around my entry points and the early entry setup exhibited just that allowing for a low risk long entry. I will be looking for similar characteristics while the handle is forming.

Thermo Fisher Scientific (TMO)- MANUFACTURES MASS SPECTROMETRY, LIQUID AND GAS CHROMATOGRAPHY, AND OPTICAL SPECTROSCOPY INSTRUMENTS

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