Today we will analyze the stock Intuit Inc. (INTU) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Intuit Inc. (INTU)
1- Last bearish trend was from 54.40 $ (12/5/2011) to 50.87 $ (12/19/2011) a 3.53 $ move 2- The current bullish trend started from 50.87 $ at 12/19/2011 and is currently trading at 58.47 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Intuit Inc. (INTU) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 50.870 and 49.130, and is currently supporting at 54.241.
Intuit Inc. (INTU) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 5.920 $ height triangle which was broken up at 54.750 in higher than usual volume, target of the pattern is 60.670.
Intuit Inc. (INTU) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 16.370 $ height triangle which was broken up at 54.750 in higher than usual volume, target of the pattern is 71.120.

Stock Trading Conclusion:
Intuit Inc. (INTU) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 60.67, 71.12.
Stock Support levels : 56.68, 55.57, 54.67, 54.53, 54.24, 53.77, 53.38,.