ADSK Autodesk Options Ahead of EarningsIf you haven`t bought the dip on ADSK:
Now analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 280usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $11.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ADSK
ADSK potential Buy setupReasons for bullish bias:
- Price bounce from strong support
- Price respecting long-term trendline
- Safe Entry at LH breakout
- Bullish divergence
- Positive Earnings
Here are the recommended trading levels:
Entry Level(Buy Stop): 224.11
Stop Loss Level: 187.95
Take Profit Level 1: 260.25
Take Profit Level 2: Open
CDNS a chip design software company LONGCDNS located in California is a software firm supporting computer assisted design ( ACAD) for
the semi-conductor industry. While its customer base gets the headlines, this company helps
make it happen. The 120 minute chart looks good as price is uptrending with good volume
and relative strength. Earnings have been solid and another is around the corner. Price has
appreciated 40% in six months. the trend angle of 13 degrees over the continuous uptrend
is solid. I see this as a buy now before the earnings or after a minor correction to get a bit of
a discount.
ADSK Autodesk Options Ahead of EarningsIf 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 earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
ADSK Autodesk Options Ahead of EarningsAnalyzing 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 them.
Looking forward to read your opinion about it.
ORCL Large Cap Tech Setting up Bearish ContinuationORCL may not be joining the technology stock parade. Although it ran up
on the 2H chart with a good 30% rise between earnings. the MACD indicator
showed a double top. On the retracement, the price descended but then
stalled. It came up short of a 40-50% retracement and went sideways
into a flat top triangle. The MACD indicator has been with a negative
red histogram and now a downward-curving set of lines.
I see this as a short trade setup in stock not thriving in the technology
run-up. It could be that investors are simply deploying cash to far better
profit opportunities and not considering this stock as a good move.
Others may be already shorting this. I will join them.
SOX Update (daily chart)SOX has been diverging from SPY last couple of days, which is unusual. SOX had 50/200 EMA xover Friday. SOX is extended, could pull back to prior swing high at 2913 (-3.25%) where there is good support. Watch these tech stocks with earnings coming up next 10 days, all daily charts look bullish (except CSCO, which is debatable). All also have positive point & figure price targets (from Stockcharts.com). ADI (2/15), ADSK (2/13), AMAT(2/16), ANET (2/13), CDNS (2/13), CSCO(2/15), KEYS (2/21), NVDA(2/22).
RSI(9) has been trending up since 1/9. As long as daily RSI(9) stays above 50%, trend may continue.
ADSK - Still Dropping - BearishOn the chart of Autodesk(ADSK) we can see a double top pattern. For the whole year of 2022 ADSK has been in a downtrend and it is likely to continue in 2023.
The double top pattern is a bearish pattern. Once the price breaks down the neckline and turns into a resitance instead of a support the pattern gets validated and the trade can be entered. Take your profits and the target can be targeted.
All further details are shown on the chart.
P.S. Enter short position only if/when the price breaks the neckline!
Goodluck!
Buy 5 shares of ED for Every One share of ADSKAutodesk
Consolidated Edison
---
1- No stop loss.
2- 5x leverage NoT More!
Becareful! Not more than leverage 5.
-
for buying shares:
warning: Only leverage 5, Do Not Take More Than leverage 5.
-
for options is Excellent:
5 call option 3 months contract of Consolidated Edison for every One call option 3 months contrac of Autodesk .
----
Happy Trading!
ADSK
The breakdown of the double bottom and the lack of demand gave me a good sell signal. The sector is in decline. My Wyckoff zone liquidity zone indicator clearly identified the zone to which the price was attracted
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ADSK LONG POSITIONWe 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 entry.
Entry 192 (After a retrace to entry zone for better R/R, we can enter now, but risk reward ratio is very low)
Invalidation 123 (Just below Demand zone)
Target 1: 260 (50 Fib zone)
Target 2: 299 (Daily gap zone)
Has enough room for a move.Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally and locally downtrend
3. Closed below the level
4. Understandable stoploss
5. enough room for 1 to 5.1 r/r
6. The price came from above
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
ADSK Dip Looks DoneADSK has a long history of consistent uptrend. After positive earnings, it gapped down, found support in the long term trend as well as recent channel support.
Blue dotted line support is a +1.236 Fib level within a Modified Pitchfork influenced by reference points in October 1999 (Low), December 2007 (High), and March 2009 (Low)
MACD has made a sharp bend back up toward the signal line, well-suited for a potential crossover further reinforced by RSI crossing over EMA12.