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%.
ISRG ready to move up. based on the technical analysis its on its strong support and if close above 327 can show below targets soon, enjoy :)
T1 352
T2 360
* 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...
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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As we can see ISRG have a blood day -4.35%. this is the Elliott wave count indicator perspective, now we in correction phase, and target for correction is previous wave 4
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...
According to Traders-Paradise Algorithm, this has a high chance of going down as the TakeProfit & StopLoss strategy indicate.
For day traders - 11/8/21: High chance for going down today.
The PEAD projected a Neutral outlook for $ISRG after a Positive over reaction following its earnings release placing the stock in drift B
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Just did a basic fib retracement on ISRG using that last low. Looks like the 50 fib line presents a consistent area of traffic and previous support. It tested the 236 fib area weeks ago and after managing to break through and hold, the stock made new highs. After failing to retest those highs at the end of the week, it settled back at the recent levels just shy...
