0HJF trade ideas
$ADSK with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADSK after a Positive over reaction following its earnings release placing the stock in drift B
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Long term uptrend untouched, set to new ATH this year.Please note this is just an idea, invest at your own risk.
Autodesk is clearly in an uptrend long-term, however has been trading in a range for the past half year.
It recently touched the 200MA, which has been a stable support historically for the stock.
Avoid buying if it breaks 275 level of support.
I think the current 293 can be a good entry, although an alternative entry around 305 can be a safer play.
If it moves up strongly over 305, I expect it to test ATH at 322.
Happy to get feedback on my idea.
ADSK TestBullish if ADSK breaks this resistance around 270-275. An infrastructure bill would benefit ADSK, it's performing relatively well against the rest of the NASDAQ and QQQ. Senator transaction included ADSK recently too. Included in ARK's new Space ETF. Currently facing selling pressure from the rest of the tech rotation, therefore could outperform a lot of other tech names if a tech run occurred.
Bear case is the current tech rotation, and it could continue in it's current downtrend if it rejects the 270-75 resistance which will likely depend on how the rest of tech/nasdaq/spy do.
Overall I am watching this one for a breakout past 275 with a possible upside to around 300.
ADSK 🌦Would you look at that! A lower degree correction that looks like a copy paste of the higher degree correction. Some people use RSI for signals I prefer to use fractals. A stock is like a person, we tend to judge people based on personality and conduct. The personality aspect pertains to the fundamental analysis and the conduct relates to technical analysis. The two components don't always align. Some argue that FA is dominant others like myself argue that technical analysis is the way to go. If I had to pick only one it would be TA.
$ADSK - IHSThe IHS potential is following prediction.
I grabbed call options 2/16 with March 19 expiration and $310 strike
There is one sweep buy for 4/16 at $380 that I could find
Playing the march up into earnings
I over paid, the cost is lower now. Thinking I may add some to lower my avg price
I need to be at $324 ASAP (before 2/25 ideally) to get a 30% return given the price I paid, if I do not average down.
Short itRising wedge on weekly channel
fell below 100ma friday
Macd bearish
double top at 293
Selling volume looks like 3d redcarpet
Checked on webull and the big institutions are dumping.
1st target is channel bottom 280$
2nd target is 262 support (if channel bottom can't hold )
It's been down 7 straight days so I wouldn't be surprised to see a green day but that just a dead cat bounce
$ADSK projected with a bullish outlook following earningsThe PEAD projected a bullish outlook for $ADSK after a positive under reaction following its earning release placing it in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
$ADSK LONGAutodesk is one of my fav. companies to trade on the markets. For whatever reason they follow technical fundamentals in charting way more than other stocks so it's easier to swing trade in a traditional sense.
It broke out today on a strong earnings report. I think ADSK at 300 by Jan 2021 and 350 by mid 2021
