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Sep 26, 2023 2:28 PM

Double bottom on Intuitive Surgical, INC. Long

Intuitive Surgical, Inc.NASDAQ

Description

A double bottom suggests a change in direction higher and possibly the start of a new uptrend. To put it in buyers/sellers terms, the sellers have created a downtrend that came to a low point (support), which led to a rebound or short-covering.

Entry point: You can consider entering a long position at current price around: 291.00.
Stop loss: Place stop loss below support line. Recommended stop loss value : 276.
Take Profit 1: 318.00.
Take Profit 2: 358.00.
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