ISRG - Surging to a new high

115
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Volume
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- increasing

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Price Action
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- Broken out of 10 months trendline and supported on the same trendline
- double bottom with strong gap up

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Technical Indicators
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- Ichimoku
>>> price above cloud
>>> Red kumo contracting
>>> Tenken [Conv] - Above clouds & pointing up
>>> Chiku [lagging] - Above clouds & pointing up
>>> Kijun [Base] - Above clouds & pointing up

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Oscillators
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- MACD crossed and bullish
- DMI bullish
- StochRSI, bullish, overbought region

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Conclusion
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- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.
- Entry and exits depends on your time horizon and risk management.

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Positions
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Entry 1 - $551
Entry 2 - $530

Stop - $500

Exit 1 - $577
Exit 2 - $595
Exit 3 - $615
Exit 4 - $650
Exit 5 - $680

Exit 5 - $300

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