Elliott Wave Technical Analysis: Intuit Inc. - Tuesday, Feb. 28

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Feb 28, 2023 at 9:08 AM EST

Looking further downside into wave C.

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Intuit Inc., Elliott Wave Technical Analysis

Intuit Inc., (Nasdaq: INTU): Daily Chart, 28 February 23,

INTU Stock Market Analysis: After the trade-in INTU where we got stopped at breakeven, it is still moving as expected. It looks like it made three waves down into wave A and it is now retracing into wave B finding resistance on the 200EMA.

INTU Elliott Wave Count: Wave B of (E).

INTU Technical Indicators: Resistance on the 200EMA.

INTU Trading Strategy: Looking for further downside into wave C.

Analyst: Alessio Barretta

Intuit Inc., INTU: 4-hour Chart, 28 February 2023.

Intuit Inc., Elliott Wave Technical Analysis

INTU Stock Market Analysis: Moving as expected, it looks like wave B could be finished or else we just completed wave {a} of B. Looking for further downside.

INTU Elliott Wave count: Wave (iv) of {c}.

INTU Technical Indicators: Averages crossing.

INTU Trading Strategy: Looking further downside into wave C.

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