lauralea

Symmetrical Triangle

lauralea Updated   
NASDAQ:INTU   Intuit Inc.
Price has recovered from a break of the support line of the large triangle.
It appears to be hanging on to the support line.

Target 1 has been met. Sometimes that is all we can shoot for in the near term.

Alternative Bat/an M pattern noted.

Earnings 11-29 AMC. Projected numbers that are a bit higher than last quarter.
So far analysts have not given INTU an earnings break for this quarter. In some of the other stocks I follow, the numbers have been soft in comparison with last quarter.

No recommendation.


Comment:
The overall trend is down. Strong stock but it reminds me of another stock )o:
Comment:
Earnings AMC Today/Descending Triangle/Price is below bottom trendline.
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