INTUIT INC

AB=CD in Progress

L

38.2 retrace was a good entry...lets see how this plays out

Let`s see if we can catch the Breakout. As always i have illustrated three different entries: The "errly bird: Is an entry for a very shortterm trader and risk lover. It`s not a real technical signal, but can be seen as the first impulse. The "mormal": Here are based significant highs which can be seen as a nice support if we break through this level...here the ...

This company has gotten a few bad reviews the last couple days. I love to buy when a company is down. We have a chance to go lower maybe the 106.5 range will be the support and I will buy more if it dips lower. The 102/103 range is the danger zone and I would cut my losses at that point. I think we will be heading higher in the coming days.

down

INTU is developing a bullish hammer on strong horizontal support materializing the pullback hypothesis we discussed some days ago. It may be the start of a new long impulse. I have a long position.

I already open some long positions at $110.5. I will wait for some more pullback if any to open the rest of the position.

Waiting for the end of the pullbak and adjust the entry to find appropriate.

The correction has been channelized as shown on the 1H chart. I am still waiting for INTU to hit the $110 to go long.

I have been waiting for more pull back to get long. Likely I can enter long around $110

Possible pullback from point 5'

This week, Intuit made a big move and bombed away the resistance Level at 108$. Trading above that Level is strong bullish.

INTU SHORT

INTU on track to reach $106-108.

INTU is about to reach the minimum target of the double bottom pattern.

Double bottom confirmed on important medium term trailing support line. My short term target for a long position is around $106. Aggressive stop loss below $96.85.

may retrace to resistance line before heading higher