ISRG Short/ Put SpreadISRG Put Spread
EXP October 18th.
505/465 Put Spread $13.93 Max Loss 40 point spread
Target is $1300 Profit
Max loss is $750
Market is trending lower, RSI is showing divergence and this is market wide ISRG is showing a rounding topping pattern which may move toward further support at 460 which will be my exit.
Exit 1 = $460 underlying price while trying to get as close as possible to $1300 with a 10% tolerance plus or minus.
Exit 2 = Market reversed and I take a $750 loss. It's possible my time target could be too far out and I may hit my target early if the market sells off leading into September.
4ISRG trade ideas
INTUITIVE SURGICAL (ISRG)Health Care/ Health Care Equipment
Company announced 2Q earnings last week which exceeded expectations -it managed to increase gross margin by eliminating distributors and sell more directly.
In 2019 Expected revenue +16.5%, EPS + 14.3%, EBITDA margin +3.4 p.p. (38.5%)
In 2020 Expected revenue +23.1%, EPS + 13.7%, EBITDA margin -0.5 p.p. (38.0%)
12M Tgt Px is USD 571.88 (Bloomberg). Since last Friday analyst increased Target Px above USD 600
Company doesn't pay dividend.
We are looking to enter long position at current levels - 2.0% portfolio exposure.
reversal watch 550-553Stopped on the .618 retrace today but looks like it'll complete the inv H&S pattern to around 550... where:
- there's tons of resistance from last winter's tops
- Elliot wave theory says wave 3 cannot be the shortest wave. Meaning wave 5 will max out at 552.50
- Reversing at around 550 would paint a three drives pattern
bullish shark retraceBetween the healthcare dump, earnings, and recent corrective wave in broader markets, this stock has weathered the storm and looks ready to move up. Whether it's a wave 3 or C, this looks headed for the 50DMA / .5-.618 retrace / on the bullish shark. Those shark fib ratios are spot on... I'm buying the dip all the way to 545.
$ISRG INTUITIVE SURGICAL IS A RISKY LONG INTO EARNINGS INTUITIVE SURGICAL has seen a very intense sell off in recent days which does no breed confidence coming into earnings. With a current p/e ratio of 55 the stock is quite expensive but has the catalyst of growth to power it higher. We think it is to risky to long into earnings so maybe see what happens before initiating any position.
Will this form double top, or are we heading to 900?So far this is still bullish. Wave 3-4 possibly was completed and we are heading into the last bull cycle for ISRG. Before the glorious crash and burn ABC
Not much to add here, just look for a possible double top here, if market goes sour.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
$ISRG " The Road to 560+As you can see it is a reverse head and shoulder, although the whole deal with JNJ just happened ISRG is a great company and definitely a store guy IMO it has some big supports and resistances.
SHORT TERM SUPPORTS: $535/526
SHORT TERM RESISTANCES: $536.95 and 543 and $547
Needs to stay above $537 to go up
Inv H&S inceptionCheck the chart and you'll see no less than 5 diff H&S patterns going both ways in the past several months... Expecting this one to play out as well. The yellow line is the daily 200DMA, expecting this to retest that before moving back down in a mid-late jan selloff as the broader market retests the xmas lows. Risk is definitely to the upside on this trade tho so tread carefully and bail if indices cannot break its downward trend from dec in the next several days.
ISRG - Money Making Trade ApproachingISRG has been a reliable money maker on both sides of the game. If ISRG is looking to close below the blue support line I am looking to buy some PUTS, if it closes above I will buy some calls. Either or, watch this one close tomorrow. This is the perfect play for a swing trader.
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.