Friday, February 10, 2023 5:49 AM EST
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Intuit Inc., Elliott Wave Technical Analysis
Intuit Inc., (Nasdaq: INTU): Daily Chart, 10 February 2023.
INTU Stock Market Analysis: Looking for further upside into wave 5 with wave 4 being a triangle as charted. We are also rejecting the 200EMA and trying to continue lower into wave (E).
INTU Elliott Wave Count: Wave (E) of 4.
INTU Technical Indicators: broke below the 200EMA.
INTU Trading Strategy: Looking for further downside into wave (E) to look for longs.
Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_intu_2_10.webp)
Intuit Inc., INTU: 4-hour Chart, 10 February 2023.
Intuit Inc., Elliott Wave Technical Analysis
INTU Stock Market Analysis: Looking for shorts into wave (E). We had a sharp move down from what could be the top of (D) and it seems we are ready to resume lower as we move below the 20EMA.
INTU Elliott Wave count: Wave {ii} of A.
INTU Technical Indicators: below 20EMA.
INTU Trading Strategy: Looking for downside into wave (E) as labeled.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_intu_4h.webp)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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