Live monitoring of the Rounding Bottom setup on TMO. See where price is heading.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Thermo Fisher Scientific (TMO) on the daily chart. The stock is trading at $491.46, down 0.62% on the day. Algorithmically, a Rounding Bottom structure has completed. The trend indicator is reading 32.2/100, suggesting moderate momentum. A potential breakout level is identified at $521.11, targeting $583.89 with support near $489.73 (R:R 2.0).
What is your outlook on TMO?