$ISRG - Buy Alert @ $639.40

BotTrigger Trade Alert: $ISRG bought @ $639.40. Loose stop on this one as it may retest the $616 lows for a double bottom formation before moving higher, which is typical after stocks have corrected this deeply. That is the extreme case of a double bottom. Another bottoming formation is to simply print a higher low. For example, ISRG may pullback to the FRZ (fibonacci retracement zone) from 38.2% - 61.8% as this is the most common zone for pullbacks to occur from the pivot lows. So the first entry if you decide to wait would be around the 38.2% retracement value which is around $633 - $626 which is the 61.2% retracement value. The $616 lows would be a 100% retracement value. We are holding this as a core play @ 3% allocation. Will add if we get our pullback.