TMO trade ideas
TMO (Thermo Fisher) follows clear bullish channelThermo Fisher one of the best performing medical devices companies worldwide with a wide and leading technologies in a very diversified strategy, is following a bullish channel for the past weeks and month. It should continue like that since the company is delivering on earnings and revenue targets even amidst the pandemic. It shoudl go up from here again to 435-440 within 10-20 days max. Enjoy the ride!
THERMO FISHER SCIENTIFIC is to takeHello traders, THERMO FISHER SCIENTIFIC is in the situation of a buyers refusal, it may be that it breaks out from above or returns before.
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Thermo Fisher Scientific Inc. (TMO) long.All description on the chart.
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Entry here.TMO is the Amazon for pharmas and biotechs. They supply everything from chemicals to instruments with little revenue coming from China. I don't see this approaching the 200sma. If it did, that would be bottom. Good entry here. NYSE:TMO
Buy and sell opportunityBuy and sell opportunity: wait for a bullish and bearish reversal in buy and sell zones respectively.
Trend analysis:
Monthly - up
Weekly - up
Daily - up
Hourly - side/down
Long-term opportunity: buy
Short-term opportunity: sell
TMO - Long IdeaDaily Chart has been coiling all year. Break of 218 should send stock towards 225-230 area. Notes on chart.
TMO - LongPurchase of shares after a good consolidation. I count on the continued growth of the market.
P/E 38.84
Forward P/E 18.09
Open 212.72
SL 209.43
TP 225.88
Good Luck!
Long now or laterTMO is down 5% over the past month, with improving OBV during the decline, Fast STO showing an upcoming reversal, and it closing along the lower bollinger band and 20 day price channel. If dips back below the current low of the last two days may need to wait to enter at a lower support level.
