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.
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.
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.
