$ADSK trend continuationhigher time frame is in defined uptrend with healthy pullback
mid time frame is showing a rising ma after minor accumulation and weakening downtrend breaking out of downtrend line with positive momentum and volume pressure
lower time frame is showing positive strength after price was overextended and pullback to intermediate moving average and working it way back up
looking for price to break through the 106.1x resistance area and first target to 106.7x for a break of that resistance higher
AUD trade ideas
Action Alert: Significant Topping Signal Appears On $ADSKShares of Autodesk, Inc. (NASDAQ:ADSK) shot higher in early trading, only to reverse into the close. The stock hit a new multi-year high before staging the impressive reversal. This is a bearish sign and the candle formation is known as a topping tail. Topping tails by definition are bearish reversal signals. Investors should be fully aware that big money is selling and smart money is shorting.
A stock on its way to new highs Since June we are in a stable upward trend and we broke through a important resistance which shows strenght.
My idea is to trade this upward trend which hopefully breaks the all-time high.
I would open a market order on monday and put my SL under the last low.
I would close a part of my position by 80$ and keep the remaining position open till the market sets back.
Done the obligatory -will we now see the freestyle?The BIG-BO-Move stopped at 69$. At present , we see a triple top. Tradin above this level should initiate the last "freestyle-move" (bo) up to ~ 73,6$.
The risk lover would prefer shorting the actual level, the crr for a short is perfect (with a stop a bit higher than the triple top) - but as always against the trend!
I prefer waiting for the freestyle-bo!
Regards
mary
ADSK possible bounce from strong supportEnter - $49.40 (current price)
Target - $54 (Closest Resistance)
Stop Loss - $48
Reasons -->
Its trading at a very strong support line.
Has completed the post H&S decline.
Is extremely oversold. (RSI = ~23)
Has a Zacks rank #1 (Strong buy)
Its earnings estimate has been upgraded from $0.06/share to $0.14/share within the last 2 months.
I am a very new trader (<1 year options experience) and would greatly appreciate any comments/thoughts about this trade.
NASDAQ:ADSK
ADSK Short SoonThe False Break is highly visible here, with struggling buyers trying to justify the big volume, but avail. Put a Sell Stop order under the price of 52 and take profit #1 around 50.5. If it breaks the round 50, then the SHORT is stronger, and a second profit should be made around the GAP.