Intuit may fall to 535.00 - 552.00

Our pivot point is at 638.

Our preference

The downside prevails as long as 638 is resistance.

Alternative scenario

The upside breakout of 638 would call for 668 and 686.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 632.4695 and 632.8988).

Supports and resistances

686 **

668 *

638 **

626

610.67 (USD-last)

570

552 **

535 *

517 **

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