looking for the break of $202 to go long on this name.
Small triangle in what could be a bigger one.
Supply zone at $214-210, so I would take most profits off there. good name!
Neutral pattern until broken.
Earnings 2-24
No recommendation.
EPS (FWD)
6.59
PE (FWD)
33.71
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
1.06%
Market Cap
$47.94B
On 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...
MA 10 based on close - yellow
MA 20 based on close
MA 20 based on High
MA 20 based on Lows
Using the Di+- for tracking increasing trend measurements
An IFT (Inverse Fisher Transform) combo to trace directional price movement:
CCI - white - Commodity Channel Index
Stochastic - blue
Neutral until broken.
This can be a long term pattern.
Announce Date
2/24/2023 (Estimated)
EPS Normalized Estimate
$1.81
EPS GAAP Estimate
$1.02
Revenue Estimate
$1.31B
EPS Revisions (Last 90 Days)*
up/3 Down?15
No recommendation
Ascending Parallel Channel
Formation of HH and HL
Entry @ current Level
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
The PEAD projected a Neutral outlook for $ADSK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
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
Autodesk
Consolidated Edison
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1- No stop loss.
2- 5x leverage NoT More!
Becareful! Not more than leverage 5.
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for buying shares:
warning: Only leverage 5, Do Not Take More Than leverage 5.
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for options is Excellent:
5 call option 3 months contract of Consolidated Edison for every One call option 3 months contrac of Autodesk .
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Happy Trading!
Auto Desk (ADSK) wave 5 in progress and trying to reach the target price of $238 - $240. This is on a daily chart. Wave 3 showed some extension so wave 5 might not complete its full course. Another confluence is that RSI Crossed 50. Also, the MACD Line crossed the signal line.
ADSK is a fundamentally really good company. It is nearing a technical breakout over 206-207 area. It can have a ER run up if market stays strong.
JUL 29 210C or AUG 5 215C could work.
The PEAD projected a Bullish outlook for $ADSK after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
Up channel in grey
Previous double top at the first hammer
Current price push will possibly lead to a second double top similar to the first one (at the first hammer)
Bullish until the second top point forms
