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.
INTU trade ideas
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.
$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 LONGIntuit Inc. is an American business and financial software company that develops and sells financial, accounting, and tax preparation software and related services for small businesses, accountants, and individuals. The company is headquartered in Mountain View, California and the CEO is Sasan Goodarzi
$INTU with a bullish outlook following its earning release The PEAD projected a bullish outlook for $INTU after a negative under reaction following its earning release, placing the stock in Drift D
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Intuit to release earnings on 11/19INTU has earnings on 11/19. Based on the 10% run-up to last quarters earnings, could be a nice 4-day trade here. Or build enough cushion to take a quarter or half-size position into earnings. Would not hold a full position through earnings without a 15% cushion.
10.53% stop based on an 10d ATR stop (x2.7). Or use the low of last Tuesday which is at the bottom of a support area.
Buy Point: 360.00
Stop Loss: 10.53% (322.09)
Position Size: R9.49
Alternative:
Buy Point: 360.00
Stop Loss: 4.93% (339.35)
Position Size: R20.28
INTU - 7.09% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month modest bull run.
- Target Entry $319.01
- Target Stop Loss $313.83
- Target Exit $339.72
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.