TradingView Idea: Intuitive Surgical, Inc. (ISRG) - Bullish MomeAnalysis:
Intuitive Surgical, Inc. (ISRG) is showing strong bullish momentum on the daily chart. The stock has recently broken through key resistance levels and is currently trading near its daily high of $597.68. The price action suggests a continuation of the upward trend, supported by increasing volume and positive market sentiment.
Key Levels:
Support: $583.24 (Recent Low)
Resistance: $597.68 (Recent High)
Next Target: $600.00 (Psychological Level)
Trading Strategy:
Entry Point: Consider entering a long position near the support level of
583.24
Stop Loss: Place a stop loss just below the recent low at $580.00 to manage risk.
Take Profit: Aim for the next psychological resistance level at $600.00, with potential to extend gains if the momentum continues.
Conclusion:
Intuitive Surgical, Inc. (ISRG) is in a strong uptrend with potential for further gains. Traders should look for opportunities to enter long positions on pullbacks or breakouts, while managing risk with appropriate stop-loss orders.
Disclaimer: This is not financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
