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...
25th - Short C to D leg Setup.
Weekly level Break & fail with Price pushing back higher. Stoch Low (50%)
Daily Retraced to 50/61.8 level. Price showing Break of key Wk level with push higher level (touch 1).
Looking for Touch 2 & Trigger Short to 109 level first Target. 116 or 115 Puts
Stock up +100% since July 2016. Current base is wide and loose on the weekly. Daily RSI at 50, price trading at the mid-point of the linear regression channel and more importantly trading below support.