ADSK is already a 100-Bagger stock. A 16 year and 10 year linear regression channel show nearly identical baselines for
ADSK, indicating that the baseline - and deviations from the baseline - have been respected for that period of time, and whose boundaries are likely to continue to be respected.Depending on the channel,
ADSK has either crossed above the baseline, or has reached it. Will it crash back down, or use it as support? Using the Multi VWAP [MW] indicator we see that over the past month the stock has blasted through every Anchored VWAP initiating from every major gap over the past year, as well as the biggest gaps of the past 3 years. This is bullish.To crash back through the baseline of the regression channels and the anchored VWAPs considering that Autodesk has just recently recovering from a major crash seems less likely. Should the stock continue its trajectory and go to the top of the channel, it could hit $340 before in early Q3.
mwright.com
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mwright.com
"Trading Advice for Losers" Email Newsletter
"Trading Advice for Losers" Email Newsletter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.