ISRG trade ideas
Intuitive Surgical Impulsing. ISRGWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Intuitively dropping ISRG.Goals 254, 223. Invalidation 307.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Bullish to 255-270ISRG has the setup to see some bullish follow through on this earnings. Initial target 234 by 7/22.
- Will likely gap to 230s post earnings then come back to fill gap around 220
- Objective here is to complete B wave of corrective ABC off its high in November 2021. The possible extensions of B off A are shown in chart, with potential to run to 299 in right environment, but based on dynamics at play I'm expecting b to be realized in the 270s
- c will be in the 150s and likely be seen this fall (will have to update based on how b plays out but near term is bullish)
- after c expect it to begin new cycle, could see new high by early 2023
Great company.
ISRG ready to break from the cup and handle?* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Healthcare sector
* Offering a pocket pivot entry with little to no resistance
* Forming a text-book cup and handle pattern with a ~11% deep base
* Base forming for the past ~10 weeks with a tight handle of ~3 weeks
Trade Idea:
* Now's a great time to enter on the pocket pivot signal and it's just before the breakout
* Offering a great risk/reward ratio
* If you're looking for a slight discount you can look for an entry near the $353.94 area
* This would be its second attempt at breaking out.
Notes:
* The general Healthcare sector has been in a very tight consolidation for the past several weeks.
* This seems to be a leader in the sector breaking out before its peers.
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the stock might not breakout immediately.
* A daily close below $353.94 would negate this idea
* Since there is some buffer room in the stop, we may be able to wait for two consecutive days closing below $353.94 before exiting.
$ISRG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ISRG after a Negative over reaction following its earnings release placing the stock in drift C.
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$INSG Intuitive Surgical Bullish into earnings
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Is ISRG turning into a nice little short opportunity?Even if OBV as state-of-the art volume indicator suggests a healthy uptrend, RSI and MACD tells a different story.
It seems like RSI shows some signs of divergence while forming lower highs while the price is forming higher highs. For me the RSI-Indicator or Oscillator is comparable to a Momentum-Line showing if a trend slows down or speeds up.
Let's see what happens next....
... I'll keep you updated!