ADSK trade ideas
LONGTrading the Cup and Handle pattern. Breakout clearly visible (handle and 83.00 resistance). Currently testing support. Daily/Weekly close above 83 support area will confirm this trade. R:R 2.2
Action Alert: Significant Topping Signal Appears On $ADSKShares of Autodesk, Inc. (NASDAQ:ADSK) shot higher in early trading, only to reverse into the close. The stock hit a new multi-year high before staging the impressive reversal. This is a bearish sign and the candle formation is known as a topping tail. Topping tails by definition are bearish reversal signals. Investors should be fully aware that big money is selling and smart money is shorting.
ADSK - BUY OPPORTUNITYIm looking to buy ADSK @ $72.50 SL @ $67.00 1st TP @ $82.00 2nd TP @ $92. Watch for a pause at 1st TP before going towards 2nd TP.
Feel free to ask any questions down below regarding this trade!!!
A stock on its way to new highs Since June we are in a stable upward trend and we broke through a important resistance which shows strenght.
My idea is to trade this upward trend which hopefully breaks the all-time high.
I would open a market order on monday and put my SL under the last low.
I would close a part of my position by 80$ and keep the remaining position open till the market sets back.
Done the obligatory -will we now see the freestyle?The BIG-BO-Move stopped at 69$. At present , we see a triple top. Tradin above this level should initiate the last "freestyle-move" (bo) up to ~ 73,6$.
The risk lover would prefer shorting the actual level, the crr for a short is perfect (with a stop a bit higher than the triple top) - but as always against the trend!
I prefer waiting for the freestyle-bo!
Regards
mary
ADSK possible bounce from strong supportEnter - $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.
NASDAQ:ADSK
ADSK Bearish Engulfing after hit 52 weeks highPlan to open PUT if the market open on Dec 14 lower than the 61.1, 1st target 59.2 and the next 54.9. Stop loss at 50% of Dec 11 candle $62.
ADSK Short SoonThe False Break is highly visible here, with struggling buyers trying to justify the big volume, but avail. Put a Sell Stop order under the price of 52 and take profit #1 around 50.5. If it breaks the round 50, then the SHORT is stronger, and a second profit should be made around the GAP.
The upper boundary of the Cloud, serves as a good support.The graph is at the lower border of the upward trend.
I see there are different types of support at the same time.I see there are different types of support at the same time.
