Thermo Fisher Scientific may fall to 550.00 - 560.00

Our pivot point is at 610.

Our preference

The downside prevails as long as 610 is resistance.

Alternative scenario

The upside breakout of 610 would call for 628 and 638.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 608.3365 and 608.2568).

Supports and resistances

638 **

628 *

610 **

604

593.79 (USD-last)

570

560 **

550 *

540 **

Number of asterisks represents the strength of support and resistance levels.