I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Intuit share with a target price of 1057$
If you haven't bought INTU ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week,
I would consider purchasing the 560usd strike price Puts with
an expiration date of 2023-12-1,
for a premium of approximately $11.50.
If these options prove to be profitable prior to the...
INTUIT has broken out of the small congestion zone. It can move to 61.8% of the decline. My first target is 540. Second 570. SL - Closing below 510. Will trail once starts moving up.
The IRS's recent announcement of direct tax filing services in 13 states poses a direct and significant threat to Intuit Inc.'s (INTU) core business, specifically its tax preparation software and services. This government-backed initiative not only erodes the competitive advantage enjoyed by Intuit but also undermines its revenue stream in the affected states. As...
Intuit - 30d expiry - We look to Buy at 507.51 (stop at 491.51)
Price action continues to trade around significant highs.
The primary trend remains bullish.
Short term momentum is bullish.
Previous resistance located at 505.
Previous resistance at 505 now becomes support.
We look to buy dips.
Our profit targets will be 547.51 and 552.51
Resistance:...
As you see this chart is inside a good uptrend and just passed a major price level on daily time frame. In my opinion, this wave is very strong and after touching the top, it again will rise properly. About 475 can be a good price for SL but stop is related to your strategy completely.
🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long...
Analyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week,
I would consider purchasing the 500usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $12.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
The PEAD projected a bullish outlook for NASDAQ:INTU after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
Initial target 410-415 in coming weeks. A break below that will setup for move down to 363 by end of June.
Levels it needs to breakdown on path to target are 397 and 384
The PEAD projected a bullish outlook for $INTU after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 87.5%.
INTU saw an SOS after accumulation going into earnings, then the backup retest. On the earnings beat it began its markup and is headed to 480s by end of March.
After 480s it will need to retest 446 for support, if that holds it can continue into the 500s.
INTU beat EPS and REV expectations and the valuation points to higher numbers.
Its business proved resiliency and the outlook doesn`t look so grim. INTU has a good history of EPS growth.
The stock might put an end to the consolidation period and renew its uptrend.
#notfinancialadvise. Adjust your size accordingly.
After it had started the ongoing descent so confidently at first, Intuit has been struggling in a sidewards movement. Now, the share should trust its gut and decide or rather intuit – pardon the pun! – to continue its journey to the south. We expect the course to drop below the support at $339.36, where it should complete wave B in green at about $303.29 before...
![INTU: INTU - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/s/StPTlZ24_mid.png "INTU - Rising Trend Channel [MID-TERM]")
