INTUIT - INTU
Monthly chart shows an abc three wave corrective pattern into the $36 area high.
Weekly chart shows a small double top where increased selling pressure took price to close on its low for the week.
Daily chart shows strong selling for the whole trading week, with sellers gapping down the price of the stock on Friday's open and closing it on the low of the trading session. Current short term support is the 200sma, 89sma and the LBB immediately below Friday's close. Look for continued weakness in the weeks to come.
Saturday, November 10, 2007
INTU Analysis for 11.10.2007
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