ISRG trade ideas
$ISRG Holding 50d Support - Bullish options activity$ISRG Holding 50d Support - Bullish options activity
Big $17M bet on Jan 2022 $580/$600 strike calls traded today, likely a large hedge fund.
Medium term target: $590-$595 range by mid-July
Note: Not investment advice.
ISRGBased on my analysis:
1. ISRG is at a price support level.
2. Supported by the last candle forming bullish engulfing, that price will rise.
3. Stochastic indicates that the price is still in an upward bias.
4. It is expected that the ISRG will continue bullish to the level of 603 USD.
Syeikh Hafiz
Stock Market Analyst
ISRG Analysis Rising Wedge + Daily Resistance Level + Simple ABC Correction
ISRG is continuing in bullish channel up to the Daily resistance level again. Price action and Volume tell us that ISRG wants to go higher and break thru but we do not have a high quality entry yet. Once we break thru the resistance there is a nice daily gap to fill up to 600 and we will see a 14EMA cross over 50EMA on weekly (Bullish), the next test of the Daily level should tell us which direction it want's to go
BUY to INTUITIVE SURGICAL Hello traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. INTUIVE SURGICAL is in an upward trend, to buy at all prices. urgent!
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BUY For INTUIVE SURGICAL Hello traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. INTUIVE SURGICAL is in an upward trend, to buy at all prices. urgent!
Please LIKE & FOLLOW, thank you!
ISRG bearish rising wedge pullback rejectionPerfect short setup.
The bullish case is the support line off 2008 lows - one could argue that monthly hammer in March is proof that the support line held.
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
Our lovely line was touchedPut it on watch list. May not trade given it did not run hard when everyone else did.
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
Intuitive Surgical Inc a risk into earningsThe stock has run up into earnings tomorrow and after breaking out to all time highs, a disappointment could result in considerable selling event.
To much risk for a day earnings trade, as the stock is quite highly valued with a 55 P/E ratio.
ISRG price target $622 heading into earningsThe trend is your friend with ISRG for short term interest, an earnings beat could see the stock soar even higher.
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.
$ISRG | Weekly TF | Trend is your frienddnt fight the trend, eyes open, watch for a breakout, manage risk and use stops, look for good risk:reward set-ups
Looks like its readyThis one can be tricky but Im thinking its getting ready if it can breakout then 590-600c for next week small size
