ADSK has recently broken out above it's moving averages, and flipped a long term resistance level at $235 into support, and is now expanding after two years of accumulation.
ADSK is a fundamentally really good company. It is nearing a technical breakout over 206-207 area. It can have a ER run up if market stays strong.
JUL 29 210C or AUG 5 215C could work.
Up channel in grey
Previous double top at the first hammer
Current price push will possibly lead to a second double top similar to the first one (at the first hammer)
Bullish until the second top point forms
We just finished 1-5 Elliot Wave, ABC correction and XWY combination, and bounced off of a strong monthly demand zone, we already missed out on an entry, but we can still enter now but our R/R is low, I would suggest waiting for a retrace to an entry zone, because market made tiny gap while bouncing up which should be filled and we should get a good...
