Intuit may rise to 658.00 - 671.00

Our pivot point stands at 590.

Our preference

Short term rebound towards 658.

Alternative scenario

The downside breakout of 590 would call for 569 and 556.

Comment

The RSI is below 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 621.8435 and 630.658).

Supports and resistances

684 **

671 *

658 **

645

609.39 (USD-last)

599

590 **

569 *

556 **

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