Holding Above August Open With Breakout Confirmation Near $589

Aug 7

TMO remains constructive above the $576 August monthly open after strong earnings and raised guidance. A daily close above the $587.50–$589 confirmation zone would strengthen the bullish setup, while a close below $576 would weaken it. The first upside level to watch is $600.

Aug 8

Note

TMO has confirmed the breakout, closing around $594 above the $587.50–$589 resistance zone. That former resistance now becomes the first area I want to see hold on any pullback. The broader structure remains constructive above the $576 August monthly open, with $600 now the next level to watch.

Aug 25

Trade closed: target reached

**All objectives reached.** TMO completed the move through the confirmation zone and reached the upside levels outlined in the original idea.

From here, I would simply manage the position according to individual risk tolerance rather than extend the original target after the fact.

Closing the idea as **target reached**.