Intuit Inc., Elliott Wave Technical Analysis

Intuit

Intuit Inc., (INTU:NASDAQ): Daily Chart, Wednesday August 2.

INTU Stock Market Analysis: We have been looking for upside into wave 3 after we broke the triangle in primary wave 3. We are very close to the Minor wave 3 target at 521$. RSI is starting to suggest a slight loss in upside momentum which could signify we could be near a temporary top.

INTU Elliott Wave Count: Wave {v} of 3.  

INTU Technical Indicators: Above all averages.

INTU Trading Strategy: Looking for upside into wave 3.  

TradingLounge Analyst: Alessio Barretta

Intuit Inc., INTU: 4-hour Chart, Wednesday, August 2.

Intuit Inc.,Elliott Wave Technical Analysis

INTU Stock Market Analysis: Wave {v} does not seem complete as we do not have a clear five wave move into wave {v}. Invalidation stands at 486$.

INTU Elliott Wave count:  Wave {v} of 3

INTU Technical Indicators: Above all averages.

INTU Trading Strategy: Looking for longs into wave {v}.

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