INTUINTU is developing a bullish hammer on strong horizontal support materializing the pullback hypothesis we discussed some days ago. It may be the start of a new long impulse. I have a long position.
INTU trade ideas
INTUI already open some long positions at $110.5. I will wait for some more pullback if any to open the rest of the position.
INTUThe correction has been channelized as shown on the 1H chart. I am still waiting for INTU to hit the $110 to go long.
INTUIT: Longterm Buying-Signal?This week, Intuit made a big move and bombed away the resistance Level at 108$.
Trading above that Level is strong bullish.
INTUITDouble bottom confirmed on important medium term trailing support line. My short term target for a long position is around $106. Aggressive stop loss below $96.85.
