Thermo Fisher Scientific may fall to 547.00 - 557.00

Our pivot point stands at 611.

Our preference

The downside prevails as long as 611 is resistance.

Alternative scenario

Above 611, look 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 share stands below its 20 and 50 day moving average (respectively at 605.679 and 607.3622).

Supports and resistances

638 **

628 *

611 **

603

591.55 (USD-last)

567

557 **

547 *

537 **

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