Intuitive Surgical (ISRG: NASDAQ)

ISRG has just received FDA approval for their da Vinci SP Surgical System, making it an exciting time for the company and the medical industry as a whole. With the aging population increasing, the demand for ISRG’s services continues to rise, which is reflected in the impressive 82% jump in procedures utilizing da Vinci technologies from 2017 to 2021. It’s notable that there are already over 7,700 surgical units in operation around the world, and the company’s recent addition of 312 units in various locations in the first quarter of this year speaks to their ongoing growth. 

As investors, we see potential in ISRG, particularly if the stock remains above $265.00-$270.00; our upside target is $370.00-$375.00. With groundbreaking technology and significant market potential, it’s no wonder that ISRG is an exciting company to keep an eye on.

AMAZON (AMZN: NASDAQ)

On the weekly timeframe, you can see that Amazon’s stock is currently breaking above a significant area of the previous week’s structure, which is now acting as support, at a price of $105 per share.

You can also see that Amazon has been forming a strong double bottom over the past few months, and the weekly market structure and moving averages are both quite positive. As a result, we are simply waiting for a correction before expecting more progress to the upside.

On the daily timeframe, Amazon’s stock is successfully breaking over a significant previous daily resistance area at the $112 level, which has since turned into support. We are now simply waiting for a retest before looking for to go long in Amazon.

ETH/USDT

ETH maintained stability in the $1,800–1,850 support range throughout the previous week. Given that ETH’s long-term Stochastic RSI is oversold, it’s possible that the ETH is getting ready to move upward. The significant $1,950-$2,000 resistance range would be the next resistance level to watch out for, as well as $1,900.

However, if ETH drops below the current support level of $1,800, it could start a decline into the following support area between $1,650 and $1,700. The Daily Ascending Support line, which was established around $1,600 in December of the previous year, is located just below that level. This may be yet another important support point to keep an eye on.

TOTAL2

The TOTAL2 is currently oversold on longer time frames after stabilising inside the $560 billion to $575 billion support area during the past week. 

It might go back to the $600 billion resistance level if it can get past the $575 billion threshold and continue to trend upward. The next support level is found at the bottom of the current range, around $535 billion, so falling below the $560 billion support level could be problematic.

May and June have not historically been particularly active months for crypto trading. As a result, the market could keep fluctuating within this range or maybe continue to fall over the next few weeks.