Intuit Inc.(INTU:NASDAQ) Elliott Wave Technical Analysis 20 July 23
Intuit Inc., Elliott Wave Technical Analysis
Intuit Inc., (INTU:NASDAQ): Daily Chart, 20 July 23
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
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Intuit Inc., INTU: 4-hour Chart, 20 July 23
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.s
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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You would think that with their horrific business practices that they would have done better. QB has become too expensive for small businesses. Past user of Tubo can now file on IRS website. No need for their software. As the economy drops so will INTU.
I highly doubt it. Intuit has been engaged in AI for at least six years and it has done nothing for the stock price. While I’m bullish on the stock I wish they would do a better job of telling their story.
INTU has raised top- and bottom-line guidance for fiscal. It continues to buyback and it continues to increase its dividend each year. Keep up the great work
INTU price increased last 4 qtrs after earnings (+8, +28, +16, +29). YTD up 15%. Tech Sector up YTD. Will see what happens next week.
Intuit investors got greedy and listened to wall st analysts....stocks do not go up forever especially with fed hiking rates...
Intuit's AI, puts $800 in play by the end of the year!:)