May 08, 2024 (Stock Traders Daily via COMTEX) --
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Thermo Fisher Scientific Inc (NYSE: TMO) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for TMO change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte
Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if TMO is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for TMO too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for TMO
- Buy TMO slightly over 556.15 target 599.99 stop loss @ 554.54
- Short TMO slightly under 599.99, target 556.15, stop loss @ 601.72
Swing Trading Plans for TMO
- Buy TMO slightly over 577.08, target 599.99, Stop Loss @ 575.41
- Short TMO slightly near 577.08, target 570.43, Stop Loss @ 578.75.
Day Trading Plans for TMO
- Buy TMO slightly over 576.44, target 577.08, Stop Loss @ 575.1
- Short TMO slightly near 576.44, target 572.17, Stop Loss @ 577.78.
TMO Technical Summary | Raw Data for the Trading Plans
| Term → | Near |
Mid |
Long |
|---|
| Bias |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
509.5 |
| P2 |
572.17 |
570.43 |
556.15 |
| P3 |
576.44 |
577.08 |
599.99 |
%2520using%2520the%2520Charts)
COMTEX_452088140/2570/2024-05-08T19:15:23
