SHORT Short by put option to weekly level support $42SHORT Short by put option to weekly level support $42
4INTU trade ideas
INTU Elliot Wave Analysis by VIXtradersINTU. It has completed a major minueette wave (ii) at 0.5% FIB retracement of sub-wave (1) of 1. It has also completed its minor wave 2 of 1 in a a-b-c pattern. From here, INTU is in a strong bullish impulsive 5 waves structure towards 0.5 - 0.618 at 340-355 at (v) of minor 3. Resistance at around 292. Potential R/R 6:1.
INTU DAILYWEEKLY- Downtrend, strong sellers entering a demand area
Daily-confirmed swing high bouncing off EMAS with strong sellers to retest the $25.00 demand area
BUY ONLY ABOVE 293.25 OR SELL BELOW 284.25BUY ONLY ABOVE 293.25
TARGET 297.55
TARGET 301.25
TARGET 304.25
sl 287.25
OR
SELL BELOW 284.25
TARGET 281.25
TARGET 278.25
TARGET 2774.25
SL 286.75
INTU: Interesting Corporate Developments, Supportive FundamentalIntuit Inc. is close to buying Credit Karma Inc. for about $7 billion in cash and stock deal. The purchase, which could be announced by Monday, will push the maker of TurboTax deeper into the consumer finance space, the newspaper said. The acquisition would also be Intuit’s largest in its 37-year history.
Technically the stock is in little correction, but the Volume model supports further uptrend posture. Fundamentally, the financials, particularly, revenue and EPS are improving.
INTU Breaks to the UpsideINTU is completing a very short-term bottom formation, and moved up on strong volume. The all time high is well above the price for a Swing Trade run on momentum.
Intuit on Breakout watch
Entry level $286 = Target price $307 = Stop loss $282
Levels of Interest = $ 294 Breakout level.
Volume spiked.
Indicators bullish.
Golden cross complete.
P/E ratio = 47
Average Recommendation: overweight Average Target Price:$284
Company profile
Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.
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In callsWe took INTU 01/31 285c on Friday at the breakout. Sold half already, very nice move and should continue higher. Posted falling wedge a few weeks back and has consolidated after breakout to move higher. If it does come back down look for a retest of that breakout to go long, excellent r/r
INTUIT - DAILY CHARTHi, today we are going to talk about INTUIT and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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INTUIT Good to Buy now?I see that the zone 240-249 is strong, there you can buy INTUIT, the MA500 look good under our zone and give us support.
The Targets are in chart , Good luck)))
INTU falling wedgePlayed calls from the bottom of this wedge to 262.50 last week. Today it tried to breakout but Im not convinced by watching the close. Earnings coming up soon so will be watching this.
INTU Long, bullish divergence 4H / 1DSee 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 ATR levels below, on the midterm.
$INTU Rising Wedge Breakout: RSI & MACD DivergenceSee Chart. Please Like, Comment, and Follow :)
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