Timonrosso

Auto Desk cautiously bullish to $260.39

Long
NASDAQ:ADSK   Autodesk, Inc.
W Formation has clearly formed on Autodesk showing upside to come.
The price is above 200MA which confirms the bullishness.
However, there was recently a breakaway gap which is concerning as 70% of gaps close.
I don't trade when gaps are within formations so if I went long I'd only risk 1% or so as a gamble trade.
Target $260.39

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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