Watch the Double Bottom on INTU closely. Trade with professional charting tools.
Reversal pattern after a downtrend.
Traders are watching Intuit (INTU) as price action tightens. Currently at $267.0, the asset is showing downward momentum (-0.77%). Price action has carved out a classic Double Bottom. The trend indicator is reading 47.3/100, suggesting moderate momentum. A potential breakout level is identified at $423.99, targeting $588.75 with support near $341.61 (R:R 2.0).
What is your outlook on INTU?