Feb. 22 at 5:08 PM
$INTU — Perfect 1.00 score on the flow scanner.
$2.22M in sweeps. Two fills ABOVE ASK. Sitting at
$380.
Let me tell you what I'm looking at.
42% drawdown from
$652 ATH. RSI at 20.94 — hasn't been this oversold since the 2022 crash. Price is parked directly on the
$374-380 multi-year support shelf that held in 2021, 2022, and 2023. Volume profile confirms heavy accumulation at this level. SMC flagging "Discount" zone and a "Weak Low" at
$375.
Now the flow:
$390C Mar 20 —
$1.34M, score 1.00, ABOVE ASK
$400C Feb 27 —
$876K combined, score 0.91, ABOVE ASK
Earnings Thursday post-market.
Someone with deep pockets is betting the weak low holds and earnings trigger a snapback. The
$390 strike is only 2.5% OTM — this isn't a moonshot, it's a bounce play. First target
$420 (prior structure), stretch target
$452 (50 MA).
The risk is clear: if
$374 breaks, air pocket to
$325. AI disruption narrative on TurboTax/QuickBooks is real. Miss on earnings = this support shatters.
But RSI 20 + multi-year support + highest possible flow conviction score + earnings catalyst = the kind of setup you don't see often.
Thursday tells the story. The flow already placed its bet.
