$ISRG with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NASDAQ:ISRG after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
4ISRG trade ideas
ISRG: Possible bullish bias toward 362 by the end of SEP 2023ISRG bullish trend is likely to continue throughout this quarter.
Target=362
Support=326.36/330
Risk=320
Time Horizon= Sep 2023
long run upsideWe are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $310.There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside.
$ISRG buy or sell?Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above $309 before correcting I wouldn't buy it as I don't expect it would have a good follow through.
I'll keep this stock in the watchlist and wait for a proper breakout.
Trading A "WV" Pattern - Trade Setup ExampleHello Traders, here is an example of how to trade a "WV" pattern which given the right conditions is a high probability trade setup.
I'll let the chart speak for itself, however here are some key notes.
A "WV" pattern by itself is a strong pattern, however its best to find setups which combine multiple factors.
In the example above you have 2 strong factors:
1) "WV" pattern (Retrace to Trendline)
2) Retrace to the 200 MA
Either one of those by themselves would not give you a strong enough setup to enter, however when you combine both the trendline retrace and the 200ma you have a very strong setup.
You can see how price reacted in a very strong manner and had a significant bounce, this is testament to how strong a setup can be when factors are combined.
Thanks everyone and best of luck trading!
$ISRG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ISRG after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
ISRG ShortPositive earning 4/18/2023 after Market.
Open GAP and run into Supply Zone.
Short Sell 300
Stop 309
Target 235, 190
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
5-0 on Intuitive Surgical. ISRGHarmonic bullish 5-0 tentatively forming on ISRG. This is a pivot pattern that should bring kush, unless invalidated. And if it doesn't, you may even see a triple bottom in there if you try hard enough. We shall see how the events will unfold.
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 green 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.
ISRGThe 20ema has crossed the 50ema and therefore we will short this stock, one should remember that such a crossover provides good shorting opportunities because it is a maharaja mini death crossover
#ISRG 2-2 reversal in monthly chart @ Yearly R1 PivotHello dear Traders,
Here is my idea for #ISRG
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
$ISRG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ISRG after a Negative over reaction following its earnings release placing the stock in drift C.
ISRG - MyMI Option PlaysSaw some worse-than-expected Quarterly Results and we were already looking at some Potential PUTs on the stock.
We're looking at a potential $225 Price Target which we actually saw those price levels into today's premarket. We expect to see even lower price levels than $219 on a Double Oversold Bounce to the downside on the lower timeframes just due to the momentum to the downside. Could see some potential 100% gains intraday even, so will buy a few and then sell one to take the initial investment back and look at holding shares on the turnaround at the bottom.
Will add lower time frame charts in comments on the trade!
Thanks for tuning in!
MyMI Wallet
How To Trade The W - V Pattern - ISRG SetupHello Traders,
Here is an educational post about the W-V pattern.
As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter.
The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up.
Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it.
Thanks everyone and best of luck!
GapsIt appears that gap #1 is a Breakaway gap. These gaps usually occur with a break of resistance and high volume. These can occur on a good news event if the gap is up or a bad news event if it gaps down. This gap occurred on a good news event.
The second gap is a continuation gap and these often mark the hal way mark of the trend up or down in the case of a downtrend.
The last gap may be an exhaustion gap and is for illustration purposes only. Time will tell. This stock may even form a bull flag so I am not labeling this as an exhaustion gap just yet. These fill faster as a rule than the breakaway or continuation gaps and can mark the end of a trend.
No recommendation.
low volume gap up will be filled ISRGaccording to low trading volume and gap up i guess it will be filled as soon as possible
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
$ISRG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ISRG after a Negative over reaction following its earnings release placing the stock in drift C.
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 ascending triangleForming an Ascending triangle. I like how 50DMA and top of ascending triangle coinciding at the same place. These type of setups tend to be really powerful when they break. Jul 22 220C can work on breakout.
ISRG - Dominant Up TrendISRG has returned its price back to the dominant trend line that can be drawn
This line in the past has been seen as a strong bull pivot point
With consistent bull rejections
Good buy along trend line on this daily timeframe
RectangleThe bottom line was support and is now resistance.
Possible stop above bottom trendline/orange/ if shorting this.
I am waiting for ISRG to chill and find a bottom.
No recommendation
$ISRG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ISRG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
