Intuit Faces Critical Support After Massive Trend Break

Intuit Faces Critical Support After Massive Trend Break

INTU shares are under intense pressure as the long term trendline breaks for the first time in over a decade.

This rising line supported a twenty two percent annual growth rate since two thousand nine but recent market shifts have forced a sharp decline. The price is now resting exactly at the final major support of $550.

A fast bounce at this level could preserve the overall structure and keep the stock within its historical channel. If this floor fails to hold it opens the door for a legendary correction that could redefine the long term outlook for the company.

The bears are currently in control of the momentum after this historic technical breakdown. Traders must watch this level closely because the reaction here will determine if the bull market continues or if a deep decline is starting.


👇 WANT MORE?

🚀 Hit the rocket, read my profile and follow so we can find each other again.