After falling about 52% from it's peak of 714 to a low of 339 on 12 May, INTU began to move sideways for the next 2.5 months, cumulating into a Symmetrical Triangle. It began to break above this triangle yesterday and today continued on the upward trajectory. The trend is clearly reversing to the upside now and any near term pullback should ideally not fall back...
Price gets to supply demand zone on 4hr Double top or Headshoulder form on 30min chart Buy puts on continuation
Hello. On this chart, the support line is more important than the resistance line. We have a high probability of a downtrend if and only if the vwap indicator and the support line are forcefully broken by a large red candle and followed by a large red volume, therefore we can enter a sell position at the next red candle for caution. On the other hand, we must put...
INTU hit the low on 13 May and has not gone any lower since. It has been chopping sideways for almost 2 months and appears to be forming an ascending triangle (odds of breaking up is greater). On the monthly chart, we are seeing a possible 3rd inside bar this month and also a bullish divergence with the RSI. A breakup of the ascending triangle at 425 could be...
A zigzag is in formation that is about o enter C Wave - an impulse down most likely. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is...
Big bounces could move this falling knife up to top of channel where we would be looking for reversal: Entry: 424,73 SL: 451,7 TP: 338,2
The PEAD projected a Bullish outlook for $INTU after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Break of Structure and Break of Trend line Price consolidated for 2weeks break to the upside and waited for pullback and brought calls on continuation
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
Reading the weekly stock picks from Stockdweebs.com and giving my thoughts
The PEAD projected a Bullish outlook for $INTU after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Seasonal Screener: Buy Signal for $INTU #INTU shows a bullish seasonal pattern between 28th December until 22nd February. Historically Intuit Inc was up 14 out of last 15 years. With an average return of 5.08 % for that period.
Look into INTU, good fundamentals, great break above, backtest success as well
INTU gapped up and held today when the rest of the market failed. Tomorrow it needs to pick a direction. Above $674 I will be taking 680C two -four weeks out. Put will trade nearest ITM on weeklies
INTUIT has had an amazing run up from earnings and since has been trending in an inside week - Below $663 i will be taking it short down to $648 potentially to $631. The volume is holding but it may take some time so i like to get PUTS at least 1-2 weeks out.
The PEAD projected a Bullish outlook for $INTU after a Positive over reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.