MFI scrolling down from overbought, you figure they'd have to have blow out earnings to maintain this price level.
Haven't been doing well on earnings bets lately, so trade at your own risk.
ISRG has roughly 80% of market share in RAS systems.
Surgical robotics is a lucrative industry and will only become bigger as 5G and AI technology mature.
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. ...
Triangle Breakout
TP 1 = 703.68
TP 2 = 712.32
TP 3 = 722.66
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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
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.
Based 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
