Intuit Inc.Long
Potential INTU Stock Movement: Watch for a Breakout Confirmation
I anticipate that INTU (Intuit) may exhibit a bullish move if it re-enters the ascending channel (black) and successfully retests it. This could pave the way for a rise toward the midline of the channel.
The key condition? Holding above the red range (horizontal support zone). Any break below this range, especially with increased volume, could invalidate the setup.
For confirmation, it's crucial to monitor price action closely, including candlestick patterns and volume behavior during key levels. If these align, the stock could be gearing up for significant upward momentum.
#INTU
#StockAnalysis
#TechnicalAnalysis
#StockMarket
#TradingView
#SwingTrading
INTU (Intuit) may exhibit a bullish move if it re-enters the ascending channel (black) and successfully retests it. This could pave the way for a rise toward the midline of the channel.The key condition? Holding above the red range (horizontal support zone). Any break below this range, especially with increased volume, could invalidate the setup.
For confirmation, it's crucial to monitor price action closely, including candlestick patterns and volume behavior during key levels. If these align, the stock could be gearing up for significant upward momentum.
#INTU
#StockAnalysis
#TechnicalAnalysis
#StockMarket
#TradingView
#SwingTrading
omossa
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omossa
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.