Watch the Rounding Bottom on INTU closely. Trade with professional charting tools.
Gradual reversal from bearish to bullish.
Indecision. Widening then narrowing range.
Technical analysis of Intuit (INTU) reveals a significant setup. The stock is trading at $422.48, down 0.8% on the day. The primary technical feature is a Diamond formation. The trend indicator is reading 14.6/100, suggesting moderate momentum. A potential breakout level is identified at $349.0, targeting $214.79 with support near $416.1 (R:R 2.0).
What is your outlook on INTU?