INTU 60-Min Chart Bullish MomentumINTU at a buy-able pull back on 60-min chart. I am hoping for buying to pick up today. I like the daily chart too.
0JCT trade ideas
INTU Rebound WaveINTU has recently formed a higher low, followed by an uptrend to a higher high into resistance around the $311 range. This is a correction wave in the chart.
INTU - Uptrend + Bullish Hammer at value zoneI. Analysis
1. Clear and strong uptrend and evidenced by series of hh/hl + 20MA - look for long entries
2. 20MA working as a support area
3. Strong hammer just formed and glued to the 20MA
We are trading with the trend, from a value area and with a clean entry trigger.
II. Trade
1. Enter next candle
2. SL 1 ATR below 20 MA/ current pinbar
3. TP when price crosses and holds below 20MA
Note: Manage tightly because there is a relevant resistance level as displayed in the chart, potentially posing an obstacle to the development of the trend.
Plsd to hear yr comments.
Cheers
Ruben
Big Potential That INTUIT Will Go UpHey traders, INTUIT is downtrend due to sellers. strong probability that buyers will reject this market ...
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INTU 05/22 $305/307.5 Call Credit SpreadINTU:
CCI: Way overbought
MACD: About to Flip
Earnings: 05/21, performed well, but unsure of how far it will rise
INTU STRUCTURE KEY LEVEL ANALYSIS| SHORT BIASINTU chart has reached a key structure zone on the daily chart. It was climbing in the uptrend since the selloff and did more than 50% retracement.
I am bearish for the following reasons:
1- high S&P500 correlation. All major stocks are now trading more or less with the market, and I am bearish on SPY on the fundamental basis.
2-The structure level is strong and pronounced. I bet the longs that were there from the bottom/that are left will start closing should the stock break the uptrend support, which I think will happen. The short sellers are already here.
And yes yes, I know, don't trade against the FED, and that is true, but the market is too high anyway.
3-the reasonable continuation of the wave behavior pattern.
That is it for now. Subscribe for updates and more analysis! Like, to help the idea get to the top and support the channel.
Wish you all luck in your trading.
Why I'm Betting Long on Intuit and SalesforceFirst off, please don't take what I say seriously, this is on opinion basis, and I may have a conflict of interest. That being said, let us get to my thoughts. Both stocks are in the same CRM and cloud computing industry categories, and both had very similar growth correlations and periods. I believe as a long hold, both stocks are still continuing to meet many market expectations, and aren't high risk companies to invest in. You could see by my chart, I have set positive targets for both.
SHORT Short by put option to weekly level support $42SHORT Short by put option to weekly level support $42
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
