Short $INTU from 424,73Big bounces could move this falling knife up to top of channel where we would be looking for reversal:
Entry: 424,73
SL: 451,7
TP: 338,2
INTU trade ideas
$INTU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $INTU after a Negative over reaction following its earnings release placing the stock in drift C
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INTU - INSIDE WEEK DOWN TRENDING FROM ATHINTUIT has had an amazing run up from earnings and since has been trending in an inside week - Below $663 i will be taking it short down to $648 potentially to $631. The volume is holding but it may take some time so i like to get PUTS at least 1-2 weeks out.
$INTU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $INTU after a Positive over reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
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INTU#INTU has been constantly trading in this upward channel, breaking above it recently and with an awesome earnings report skyrocketed based on the chart one can expect it run back down to within the channel or if it builds strong momentum it will be interesting to see if it can keep going however my money is on a short term PUT option. check out www.UnusualWhales.com for guidance on the flow to see where money is going.
$INTU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $INTU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$INTU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $INTU after a Positive Under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
every April Intuit gains 10, 20% maybe 30% this yearEvery April Intuit gains 10, 20% maybe 30% this year.
There is a gap and it can be filled
every gap in intuits chart has been filled since 2017.
this might not be filled as it is far down thee
but
the charts say the price is ready to drop.
Short term bearish long term bullish
I will set a ladder buy from 365-325 in increments of $5 down to the gap.
Better ideas elsewhere. Slower than peers and SPYOrange is SPY
Blue is a major ETF representing software applications.
Intuit has lagged slower than them both.
The bottom line of trend has been failed twice. The most recent time, it was with the a significantly more volume relatively.
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This is not financial advice.
