Intuit may fall to 514.00 - 534.00

Our pivot point stands at 632.

Our preference

Under pressure below 632.

Alternative scenario

The upside breakout of 632 would call for 665 and 685.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 638.0765 and 633.5974).

Supports and resistances

685 **

665 *

632 **

618

600.23 (USD-last)

553

534 **

514 *

494 **

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