INTU Weekly: Testing Critical Support within Long-Term Uptrend

INTU Weekly: Testing Critical Support within Long-Term Uptrend

• INTU demonstrates a robust long-term bullish trend, consistently trading within an upward-sloping channel on the weekly timeframe since early 2023.
  
  
• Following a recent peak, the stock is currently testing the "Current Support" zone between
  620-640, an important area for potential bounce and trend continuation.
  
  
• Should the immediate support fail, a more significant and robust support confluence lies within the "Fib Golden Zone" (540-570), reinforced by the long-term Anchored VWAP.
  
  
• If current support holds, initial upside targets are identified at $700 (Target 1) and $780 (Target 2), with the potential to eventually re-test the upper boundary of the long-term channel.