Watch the Broadening Formation on INTU closely. Trade with professional charting tools.
Expanding volatility. Sign of instability.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Market participants tracking Intuit should note the latest formation. Currently at $366.8, the asset is showing downward momentum (-0.71%). The primary technical feature is a Double Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $481.72, targeting $621.33 with support near $411.92 (R:R 2.0).
What is your outlook on INTU?