Stocks

Intuitive Surgical may rise to 430.00 - 438.00

2024-05-29

388 is our pivot point.

Our preference

The upside prevails as long as 388 is support.

Alternative scenario

The downside breakout of 388 would call for 375 and 367.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 389.6275 and 386.4932).

Supports and resistances

446 **

438 *

430 **

422

401.01 (USD-last)

393

388 **

375 *

367 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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