Intuit may fall to 484.00 - 505.00

Our pivot point stands at 600.

Our preference

The downside prevails as long as 600 is resistance.

Alternative scenario

Above 600, look for 635 and 655.

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 613.7415 and 621.3438).

Supports and resistances

655 **

635 *

600 **

586

567.24 (USD-last)

525

505 **

484 *

464 **

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