Live monitoring of the Rounding Bottom setup on TMO. See where price is heading.
Gradual reversal from bearish to bullish.
Technical analysis of Thermo Fisher Scientific (TMO) reveals a significant setup. Price has moved to $527.22 (2.53%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. Volume is strong (1.39x avg) with moderate trend strength (37.2). A potential breakout level is identified at $529.99, targeting $601.64 with support near $494.16 (R:R 2.0).
What is your outlook on TMO?