Thermo Fisher Scientific may rise to 576.00 - 585.00

Our pivot point stands at 530.

Our preference

Short term rebound towards 576.

Alternative scenario

Below 530, expect 517 and 508.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 551.762 and 568.8998).

Supports and resistances

593 **

585 *

576 **

568

548.09 (USD-last)

535

530 **

517 *

508 **

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