Thermo Fisher Scientific may fall to 543.00 - 554.00

Our pivot point stands at 605.

Our preference

The downside prevails as long as 605 is resistance.

Alternative scenario

The upside breakout of 605 would call for 622 and 633.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 602.006 and 607.3632).

Supports and resistances

633 **

622 *

605 **

598

586.38 (USD-last)

564

554 **

543 *

533 **

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