Intuit Inc., Elliott Wave Technical Analysis

Intuit Inc., (INTU): Daily Chart, Thursday, July 20

INTU Stock Market Analysis: As we keep moving higher the idea that the triangle in wave 4 is finished has been confirmed. At this point we are purely looking for upside resumption. You can see the 1st target for minor wave 3 which could be most likely surpassed.  

INTU Elliott Wave Count: 3 of (1).

INTU Technical Indicators: Above all averages.

INTU Trading Strategy: Looking for longs into wave 5.

TradingLounge Analyst: Alessio Barretta

Intuit Inc., INTU: 4-hour Chart, Thursday, July 20

Intuit Inc., Elliott Wave Technical Analysis
INTU Stock Market Analysis: Here’s the subdivision of wave {iii}. Looking for one last leg higher into wave (v) before correct in wave {iv} from which we could be looking for longs.

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

INTU Technical Indicators: Above all averages

INTU Trading Strategy: Looking for longs into wave {v} once we see a bit of a larger pullback in wave {iv}.

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