INTU
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.
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: 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 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 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.
Short INTUWeekly breakdown both indicator and trendline. Retesting broken trendline now, initiate short, TP ~168
Intu Properties Plc (INTU) Shares Expected To Dive..Unless something miraculous happens for Intu that makes the bull trend continue I think we could see the price of Intu shares drop even further.
Wait for confirmation of the double top, if we see the price climb higher it will invalidate the setup. I'm looking for confirmation around 174.5, just below the bottom of the red candle of the 7th October 2018.
Target: 152
Stop: 203
Like the idea if you agree and comment to let me know your thoughts.
INTU Short Setup PossiblePossible breakdown on INTU if SPY continues its downtrend. May fall below neckline and if the bounce back is weak there is a good short setup.
Sell Intu PropertiesIntu has under performed the FTSE and the Real Estate sector over the past 3 months. The short term trend is negative and the stock scores poorly in my fundamental model.
INTU looking good!This company has gotten a few bad reviews the last couple days. I love to buy when a company is down. We have a chance to go lower maybe the 106.5 range will be the support and I will buy more if it dips lower. The 102/103 range is the danger zone and I would cut my losses at that point. I think we will be heading higher in the coming days.
