Weekly breakdown both indicator and trendline. Retesting broken trendline now, initiate short, TP ~168
$INTU just broke support with 2.40 times average volume. More downside could follow.
Center of Gravity, Resistance, #Fibonacci Retrace PTs
INTU has a strong history of growing dividends since 2011. This pullback, with the market, is still holding its 200dma. The long-term uptrend is still intact. Disclosure: long INTU
Possible breakdown on INTU if SPY continues its downtrend. May fall below neckline and if the bounce back is weak there is a good short setup.
Strong upward trend with high momentum. Price is consolitating, however, buyers seem to be strong (i.a. recent downward candlestick has deep lower shadow). Therefore speculating on upward break with strong momentum. If price does come back to 119.50 a long position will be taken.
The “Bullish Harami Cross” implies that the buyers are in control, Stock is trading firmly above the 20-day and 40-day MA lines, A buy signal appears in the MACD indicator, Potential uptrend above the 50 pts on the 14-day RSI indicator: Price may break above the USD220.
- Days ago Intuit has a new CEO and weathered a significant org change without the stock taking a hit - Resistance ~$217 - Break above resistance could push the stock into new highs
INTU: intuit inc 2018-04-25 16:00:01 Detected possible increase in guidance