Dec. 19 at 3:16 PM
$ISRG: Current market conditions indicate a cautious sentiment with the RSI at 42.64, suggesting the stock is approaching oversold territory but not yet there. The price is slightly below the 30-day moving average (MA30) of 562.1, indicating potential bearish pressure. However, the MA50 at 536.02 provides support, and the recent high of 582.41 indicates a potential resistance level.
Actionable Trade Alert:
- Suggested Entry:
$560
- Stop Loss:
$540 (3.57% below entry)
- Take Profit Targets:
1.
$575 (2.68% ROI)
2.
$590 (5.36% ROI)
3.
$658 (17.14% ROI)
Given the ATR of 11.15, this trade allows for volatility while targeting significant upside potential. The strategy leverages the recent high-low range, aiming for a rebound towards resistance levels. Monitor RSI for bullish divergence as a confirmation signal.
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