Thermo Fisher Scientific may rise to 570.00 - 580.00

519 is our pivot point.

Our preference

Short term rebound towards 570.

Alternative scenario

The downside breakout of 519 would call for 504 and 495.

Comment

The RSI is below its neutrality area at 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 546.3155 and 566.2016).

Supports and resistances

589 **

580 *

570 **

561

534.35 (USD-last)

526

519 **

504 *

495 **

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