Intuit may rise to 651.00 - 663.00

589 is our pivot point.

Our preference

Short term rebound towards 651.

Alternative scenario

The downside breakout of 589 would call for 568 and 556.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 615.1755 and 629.7152).

Supports and resistances

675 **

663 *

651 **

638

609.59 (USD-last)

597

589 **

568 *

556 **

Number of asterisks represents the strength of support and resistance levels.