ISRG
ISRG consolidation then new highs or retest support?Just did a basic fib retracement on ISRG using that last low. Looks like the 50 fib line presents a consistent area of traffic and previous support. It tested the 236 fib area weeks ago and after managing to break through and hold, the stock made new highs. After failing to retest those highs at the end of the week, it settled back at the recent levels just shy of 950. That area has also been a short-term area of support. But does it hold these levels and bounce to retest ATH or is the retracement in effect heading back down closer to the 236 fib line?
Have to see what comes with ISRG earnings during this next round. That 71.22% surprise last quarter didn't hurt but can it maintain the same pace now that things are beginning to normalize to some extent?
$ISRG Bull Flag Breakout
ISRG has been consolidating within a bull flag since its previous earnings gap up.
Volume has been accumulating and buyers want to take it to the next VPOC which should take it to 850 and higher.
MacD on the 4hr time frame curling up bullish.
Note: Options are not very liquid on this name so spreads are wide .
- Daniel Betancourt, OptionsSwing Analyst
$TSLA Plays the "Split" Card to Draw in More from Mom and PopTSLA still laughs at us from above that $1300 level. But it's an itch that needs to be scratched -- now lined up with the 50-day and the primary trend line, to boot. But that relief will have to wait a little longer as Elon and the fellas became the second major megacap to hit the "split" button (after AAPL).
Expect a lot more splits this fall now that we are in the first "retail driven" bull market since the 1990's. Who's next? AMZN, GOOG, MSFT, NFLX, BKNG, ISRG...