Looking at Thermofisher breaking out of a 15 month or so wedge which is strong. Look to target 672.34 as a first stop and see if it breaks the resistance. GO!
By using the wave analysis we can forecast the future move of the price from a statistical mathematical perspective on NYSE:TMO .
A minimum of swing at 474 dollars was broken down, that swing is the checkpoint for a T+6 (2 years wave).
As the wave was broken to the downside on the 12 of October only after 234 days, we might expect a new yearly wave,...
After being rejected from its Dynamic Resistance , ThermoFisher's stock has now reached a significant range around ( 540 ). If it manages to hold above this area once again, it could potentially launch upwards.
prev. resistances needs to continue to hold as support. there is a bullish abcd pattern set up on the monthly chart. I'm interested in buying the dips. This is also a Nanotechnology play
TMO just bounced off of their strongest Support Level since July 2021 which was once the stock's strongest resistance level. Once the stock surpassed that July 2021 Resistance Level, it quickly continued to ride to its All-Time Highs of $672.34.
Looking for potential long-term options on this as it's also at the bottom of its upward trend level that was formed...
The PEAD projected a bullish outlook for TMO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
TMO has been trading in a parallel channel since Jun 21
Looking at volume profile a lot of buying happened at 552
Right now from 3rd May till 17 May there was a bearish run and now there is a slight confirmation of the bull move and can run till 550
Entry @ 529
TP1 551
SL 510
The PEAD projected a Bullish outlook for $TMO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.82%.
This is a doubling up on our earlier idea. See the linked idea.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest,...
