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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?
NASDAQ:ISRG
by PennyStocks101
Intuitive Surgical: expensive and to exit consolidationIntuitive Surgical produces robotic-assisted surgical systems. Currently, the company holds a significant market share in urology and gynecology areas. However, the business model is predicted to expand to other areas such as thoracic, colorectal, and other general soft tissue procedures. From a technical point of view, the stock recovered the highs registered in April 2019, retracing on the last day of trading to the $581 level. However, the price was not able to overtake the $600 resistance that I consider essential in that case. The last session closed above the green Ichimoku Cloud; however, I see the price too close to the cloud support at $572.71. An important signal comes from the Chikou Span (Lagging Span) of the Ichimoku Clouds. The "lagging span" is created by plotting closing prices 26 periods behind the latest closing price of an asset. Usually, when the price is above the line, it could be an indication of weakness (price too high). On the other hand, when the price is below the Chikou span, it could be an indication of strength (price too low). I highlighted in the graph the relationship between the Chikou Span and the current price. The last close perfectly matched the Lagging Span price. Besides, I believe that the market overvalues the company. The stock is currently trading above its normal Price/EBITDA ratio of 32.75, at 50.13 (I used ten years of data). Probably the stock is too expensive. My strategy is to wait until the green support of the green cloud (orange in the chart) is broken. To be sure of the beginning of a downtrend, however, wait until the red support of the green cloud is overtaken (purple in the chart). Disclosure: My articles contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
NASDAQ:ISRGShort
by Investing_Fellow
$SURG Multiple Technical Bull Signals in PlaySURG SURG (Surge Holdings Inc.) is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers and financial payment services for the unbanked and underbanked. Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the recently launched SurgePays Network. This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products and to empower the corner store to select, order and fulfill delivery of wholesale goods from around the country. This platform also provides manufacturers a cost-effective and efficient platform to access point of sale retailers nationwide. Key Points: • SURG is attacking the part of the digital commerce map that no one else has managed to conquer: the underbanked in the developed economies, which represents a massive market world hundreds of billions. • SURG is already making real money, with trailing revs coming in at $16M. • SURG is starting to see major topline growth, with quarterly y/y revs increasing at 21%. • SURG acquisition of ECS added $48 million in annualized revenue and 9,800 retail stores • SURG shares recently received a target at the $3.25 level from Goldman Small Cap Research, representing 983% potential upside for shares according to this analysis. • SURG is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way. • SURG just recorded a MACD Bullish reversal, suggesting a technical change in trend.
SLong
by GregFolin
1
Titan Medical - Surgical Robots and their Huge potentialJohnson & Johnson recently bought Auris Health for $3.4bn -World’s largest healthcare group tries to speed up move into digital surgery TMD would have a share price of $175 for all outstanding shares with a similar Market Cap of $3.5 billion. AND..... The original Surgical Robot developed by Intuitive Surgical The DaVinci Intuitive Surgical Inc Market Cap: 62.97B which would give TMD shares a value of $2900 (Bare with me if it seems a little extreme comparison, but ISRG was founded in 2005 with a starting share price of $21.40, currently trades at $550 and US$ 3,1 billion revenue (2017) while the company focuses on a single robot ) Titan has a large number of patents across China, Europe, USA. It also has partners in place to do business in all three, so it has a huge market potential. The company says its SPORT surgical system has benefits over DaVinci.... Smaller, more maneuverable, more disposable, more attainable in terms of affordability. Founded by six surgeons who thought they could do better.... :) You can read for yourself if you're interested.. titanmedicalinc.com We are truly moving into the robot age.... www.zerohedge.com
TLong
by cccpKGB1
$BTCUSD BULL WAVE TO $500 BY END OF FEBRUARYBTCUSD HAS BROKEN OUT OF THE TOP OF ITS 28 DAY CONSOLIDATION AND HIT ITS FIRST RESISTANCE LEVEL AT $389.97. **LEVELS FROM BTCE:BTCUSD** HERE IS A LIKELY PRICE SCENARIO FOR THE NEXT 3 WEEKS: 1. PRICE FINISHES CONSOLIDATION AT FIRST LEVEL AND BREAKS UP TO 400.84 2. CONSOLIDATES QUICKLY BETWEEN $389.97-400.00 AND MOVES INTO $420.00-430.00 RANGE 3. FALLS DOWN TO 400 AND POSSIBLE QUICK BOUNCE TO $389.00 4. SNAPS QUICKLY TO $440.00, BOUNCES OFF $430.00 UP TO $463.15-470.44 5. LAST 1-3 DAY CONSOLIDATION BEFORE HITTING $500.00 RANGE BY END OF FEBRUARY UNLIKELY (BUT POSSIBLE) BEAR SCENARIO: 1. HITS UP TO 400.84 AND POSSIBLY $420-430 BEFORE FAILING TO BREAK 2. FALLS THROUGH $367.29 LEVEL AND HITS SUB $300.00 PRICES QUICKLY 3. WILL MAKE NEW TA MAPPING LEVELS IF BREAKS 367.29
BLong
by YungFinance