ISRG possible reaction to 0.618 Fib channel BUT SHORT TERM! Chart is clear. We can possibly have reaction now. for short term. Long term we have other more supports to brake which strongest is T2
ISRG
ISRG Topping RiskISRG dropped sharply from its recent new all time high. The stock is struggling with heavier large lot rotation action at this level. Volume is too low and Balance of Power shows heavy rotation.
ISRG more Long but check triangleI put everything on the chart. more chance to long but in 1D candle can go short since has break the previous channel
ISRG before EarningsExpecting a breakout to higher grounds (560+), all indications check out positively for ER today after close . Lines and connections have been averaged on the 'monthly' with step-line over 'linear'. RSI is ready to surge, ADXDI is fully charged. Stock is continuously creating higher highs and is expected to break the 600 mark by the end of the year.
ISRG: Topping Formation Risk for Selling Short PotentialIntuitive Surgical Inc., under the Medical Instruments and Supplies industry, has had strong growth over the past 3 years but it is now facing the risk of a topping formation. The topping pattern is near the phase where a completed top could occur and then downside action would include sell short professionals and sell short HFTs. Support doesn’t kick in strongly until the stock reaches the 240-250 area, which is below the 50% loss of most companies thus far in the bear market. Many firms have already lost 50% or more off their all-time high values. ISRG can shift sideways and stay there to pattern out the excessive speculation, but the technical pattern is setting up more like a risk of a top formation at this moment in time.
ISRG Correction I looked at the 2 year history of ISRG and found that old trends are still prevalent in current ISRG Stock trends. Looking at the trend lines, it looks like ISRG is a little over bought right now. I predict that ISRG will hit a correction once it's between the red lines, then it will bounce at the floor between the green lines.
ISRG Swing Idea: Possible upside ~8% upsideMoving Averages: ISRG Recently touched its 50 ma twice, reacting bullishly to the indicator. The 20 Day MA also crossed under price, giving off another short term bullish signal.
MACD: The MACD indicator gave off a bullish signal on February 21st with the trendline crossing the moving average. The price action since then has confirmed the indicator, as the stock is up about 6%.
RSI: RSI (14) is showing increasing buying on the daily chart, after a sell off in December. This is showing that investors are slowly moving back into the stock with RSI rising from ~33 to ~63 where it lies today.
Trendlines: Trendlines are showing a break out from a short term triangle. This breakout is paired with consistent volume giving the stock a positive short term outlook.
Fib Levels:
138%: 475
100%: 450
62%: 424
38%: 408
0%: 381
$ISRG Bullish Ascending Triangle$ISRG Bullish Ascending Triangle - plenty of upside possible within upper channel limits. 535 possible in the medium-term. Monitor for strong break through 471.50 area.
$ISRG Post Earnings Breakout Continuation$ISRG breaking out post earnings. Met resistance at $458 1.27 Fibonacci line, then retraced back down to previous ATH around $450. After bouncing there and then breaking through the previous intraday high of $458, next target is 1.618 line or $476 in the near term. If we can break $476, the upper end of the long term channel will be the final target or ~$500 - possible by early May.
Medical Tech Mar17With Intuitive, Stryker all up at all time highs i'm hunting for medical robotics companies to acquire.
Smith & Nephew looking for a move below 29 to get long
seekingalpha.com
ISRG ShortLooks to be rolling over, short term it might bounce because it is closer to the bottom of the bollinger bands but with 9, 20 and 50 day moving averages all turning lower with the rolling top, it will soon have a date with 200 day moving average.
ISRG short term long entryAfter buying on the open and taking profits on the double top, I'm going to wait for a deeper pull back tomorrow to the level where this rally began. Lots of volume on the last 5min bar and we'll see if the green high volume bar holds.
ISRG Gap FillPrice has been accepting high levels of balance since it bottomed out and is just breaking out to the next level at 420. There is a void to the left = no resistance so it should rocket up pretty quickly.
