Live monitoring of the Rounding Bottom setup on TMO. See where price is heading.
Gradual reversal from bearish to bullish.
Market participants tracking Thermo Fisher Scientific should note the latest formation. The stock is trading at $568.26, down 0.71% on the day. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $587.49, targeting $740.15 with support near $511.16 (R:R 2.0).
What is your outlook on TMO?