Intuitive Surgical: major breakout to gain paceafter sideways tradig for 2 years, the next upmove should be significant. only the start
ISRG trade ideas
ISRG LONG with options play as well for weekly 9/18 option. 1. MONTHLY: BUY ZONE; Fibonacci shows barely broke above 0.382 level ($730) and next stop is $970. Could see some resistance at $730 level. THEREFORE, BULLISH in BUY ZONE with possible pullback to $688 at current fib level OR push past to $970.
2. DAILY: BUY ZONE; At a counter-trend line so great time to enter. Support at $688 and should reach $731. If breaks 731, will eventually go to $970. THEREFORE, BUY ZONE at RIGHT TIME TO BUY.
IDEA for 9/17/20: short unhedged ATM straddle. Will sell 1 short ATM call and sell 1 short ATM put. This bought/held from Thursday to friday has won 6 of last 7 weeks w/ historical avg return of about 50%. Expecting that the bullish action expected should make this a winning trade this week as well.
ISRG POSITION TRADEPotential break out from 5 week consolidation pattern with ADX > 30 indicating sustained accumulation on the stock at current price level.
ISRG : Triangle BreakoutTriangle Breakout
TP 1 = 703.68
TP 2 = 712.32
TP 3 = 722.66
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$ISRG $720 Price target for Intuitive Surgical Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.
$ISRG Holding 50d Support - Bullish options activity$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
