Autodesk has been squeezing near a two-year high, and some traders may expect a breakout soon.
The first pattern on today’s chart is the attempted rally on March 1 after earnings, revenue and guidance beat estimates. A falling trendline appeared as the software company pulled back, but it’s now pushing above that resistance.
Second, prices have held the rising...
NASDAQ:ADSK
- Consolidate around EMA12 & SMA25 for a while
- Relative strength looks good in comparison to other stocks in S&P, didn't go down a lot with the market.
- Looks like it is waiting for a breakout
- low risk entry to be entered here.
Symmetrical Triangle busted. I'm looking for around 10% upside from the top of the triangle. Which is around $256.
Also, from past trend it seems we have resistance at around that level.
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.
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
If you haven`t bought ADSK ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2023-11-24,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the...
A harmonic ABCD pattern has formed on ADSK stock, with a target of the 212$ resistance zone.
A divergence between price and MACD Histogram has occurred.
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower...
hi traders
Autodesk (ADSK) is trading in already a one year long pattern.
We are still waiting for a breakout which may indicate strong move in the breakout direction.
Enter the position once the breakout occurs.
Targets both for longs and shorts are shown on the chart
good luck
Generally cautious to take shorts with S&P in its cup and handle continuation pattern. Especially swing shorts over many weeks. However for a simple downside continuation trade the pattern is valid. Time stop should be start of November.
Analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 200usd strike price at the money Calls with
an expiration date of 2023-8-25,
for a premium of approximately $6.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Hi viewers, ADSK price break first zone, in last 2 days of week its be bearish, currently here for next periods new bullish push soon expecting
TP1: 127
TP2: 137
ADSK is one of the companies affected by the AI revolution. However I think investors are neglecting the fact that ADSK is investing heavily in AI, judging by the R&D investment as percent of sales.
Channels can be broken in a heartbeat as of late.
Also a large rectangle/dashed line at rectangle support.
Earnings miss
no recommendation/pocket pivots noted
