See trade details in the chart.
I see there is a bullish divergence on the daiily and on the 4H chart. Weekly is still bearish, but in the bearishness I do expect the uptick as shown in the chart. It won't be a complete reversal per se, and and I more expect to get out at the bottom of the target zone, which will still be a 1:1.7 R/R ratio.
Stoploss is set on 2...
=====SHORT TERM PRICE TARGET $299======
Stock broke out today but it was short lived as Mr Trump sent the markets worldwide into a Tailspin.
Look for a entry when market turns if support trendline breaks, invalidates the long.
Fantastic momentum stock for 2019 and a real winner in the tech sector. WE see $300 as a very probably price target given the recent action, the MACD has reversed from going bearish and the Histogram ticks higher, while the RSI uptrend continues but maybe lacking some strength.
COMPANY PROFILE
Intuit, Inc. is a financial management and compliance platform...
Watching for intraday reversal blowoff top to 272.50 - 274 on Monday here to complete the inv H&S pattern and retest the double top. A reversal followed by a close below 271.50 would absolutely confirm the theory. A close above 275 would invalidate it.
PT is 250 at the .618 retrace by possibly as soon as the following Monday. Fundamentals are based on the Fed...
I think theres a chance that the fifth wave is over given the we are at the bottom of the pitchfork and there is divergence in 15 min time frame , so i think of aiming the fifth wave, at the top of the pitchfork
we are at the top of the pitchfork, i think theres a good chance foe aiming for wave 4 to happen now. id be more confident in this trade if there were diversions present. well see
Poor and unfortunate timing brought about the selling in NASDAQ:INTU Thursday. Post results the market has drove the stock higher in the after hours Wednesday, as the company beat on earnings and revenue and then raised full year guidance. This rally was short lived as the market had a horrendous day of selling on high volume. If the market stabilises we will...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
