This stock has been bullish for quite some time now, but it appears to have hit resistance at the 172 level indicated, looking for some retracement as the second shoulder has printed, confirming a short bias.
ADSK has a positive divergence pattern with MACD/Volume Oscillator. This new combination indicator often leads price action, which is beneficial to Swing and Momentum Traders.
What a great gap and trap today.. Looks good and I'm looking to go back to recent lows. No real good target on this one. You can wait till it breaks todays lows to get in if your want. Just watch this one.
Despite a beat on earnings and revenue, shares have plummeted as a result of poor guidance for the remainder of 2019.
They stock is currently down 11% in the afterhours, with very little support below, $118 looks like a reasonable target.
for play back to neckline, with quicker stops. Would probably layer out into resistance and sell end on rejection or keep if runs through. Box shows ultimate stop out. Just my thoughts
Last trading session, we saw fierce selling from the sellers but buyers came back to defend even more aggressively to end the day green, indicating that buyers are still in control here. Thus, we might have legs to return to the highs for ADSK around 174.5 where we can lock in some profits as profit taking can come back again there...
***Today's upgrade to $200 is not surprising for this ultra growth stock, upgrades seem to be a daily occurrence from the analyst community. who are we to argue. Its a long.
Autodesk, Inc. is a design software and services company, offering customers productive business solutions through technology products and services. The Company's segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The Company serves customers in the architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries. The Company's product development and manufacturing software provides manufacturers in automotive, transportation, industrial machinery, consumer products and building products with digital engineering solutions. The Company's product offerings include, AutoCAD, AutoCAD LT, Industry Collections, 3ds Max, Maya, Revit, Inventor, AutoCAD Civil three dimensional (3D), CAM Solutions, Fusion 360, BIM 360 and Shotgun.
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ADSK
![ADSK: [ADSK] It's starting phase 4 -> Don't Buy!](https://s3.tradingview.com/y/YprfFEmK_mid.png "[ADSK] It's starting phase 4 -> Don't Buy!")
