Enter - $49.40 (current price)
Target - $54 (Closest Resistance)
Stop Loss - $48
Reasons -->
Its trading at a very strong support line.
Has completed the post H&S decline.
Is extremely oversold. (RSI = ~23)
Has a Zacks rank #1 (Strong buy)
Its earnings estimate has been upgraded from $0.06/share to $0.14/share within the last 2 months.
I am a very new trader (<1 year options experience) and would greatly appreciate any comments/thoughts about this trade.
ADSK
Target - $54 (Closest Resistance)
Stop Loss - $48
Reasons -->
Its trading at a very strong support line.
Has completed the post H&S decline.
Is extremely oversold. (RSI = ~23)
Has a Zacks rank #1 (Strong buy)
Its earnings estimate has been upgraded from $0.06/share to $0.14/share within the last 2 months.
I am a very new trader (<1 year options experience) and would greatly appreciate any comments/thoughts about this trade.
ADSK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.