Jul. 13 at 9:55 PM
$INTU Momentum is starting to wake up.
After gaining about 5% the following day, the chart is showing signs of buyers stepping back in. The next level I’m watching is a reclaim of the 50DMA, which could become an important confirmation point for the next move.
This is the type of setup I like to track: strong bounce, improving momentum, and a key moving average test ahead.
If
$INTU can regain that level with strength, the next upside phase could get interesting. Wave 5 target remains on my radar with a potential move of 244% based on the current technical structure.
Keeping this one on watch. Check my profile for more market setups and analysis.