Pharmaceutical Giants Stocks: Macro Fib SchematicsThe biggest pharma giants are easy to recognize. Johnson and Johnson, Pfizer, Moderna, Merck & Co, Danaher Corp, Thermo Fisher Scientific. All medications and pharmaceutical drugs come out of these drug corporations. Lab equipment, medical research, vaccines, and other life science developments come out of these conglomerate pharma giants.
Support and Resistance is clear with these schematics. All clusters are laid over appropriately.
Thermofisher
Descending Triangle on Thermo Fischer. TMODownward B Wave triangle is heralding a downward impulse. It may be larger than expected, given this is a downgoing triangle. Normally, triangle herald a relatively weak impulse post, but let's see how low this baby can go.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Thermo Fisher descending lower and lower. TMOImmediate targets 510, 491. Invalidation 596,.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
12/12/21 TMOThermo Fisher Scientific, Inc. ( NYSE:TMO )
Sector: Health Technology (Medical Specialties)
Current Price: $642.51
Breakout price: $646.00
Buy Zone (Top/Bottom Range): $624.00-$610.00
Price Target: $693.75-$696.00
Estimated Duration to Target: 80-88d
Contract of Interest: $TMO 3/18/22 650c
Trade price as of publish date: $30.80/contract
TMO - Thermo Fisher - Daily Technical SetupTMO - Thermo Fisher - Daily Technical Setup
TMO
ENTRY = 450 - 455
Cost Avg Down = 420
1st Target = 485
2nd Target = 513
Hodl Target = New Highs
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez