ADSK (AUTODESK INC) BUYHi there.
Price is forming a possible continuation pattern to the upside.
Wait for the price to complete the pattern and watch strong price action for buy.
ADSK
ADSK - swing trading ideaBreakout formation + retest of the previous breakout level (trendline).
ADSK completed a wave 1 during a ABC correction (wave 2) and bounced at the 61.8 fibo. From this level ADSK began a small impulsive movement.
ADSK Daily Potential BreakoutNASDAQ:ADSK potential breakout with MACD confirmation.
Stop loss around $270.
Long term uptrend untouched, set to new ATH this year.Please note this is just an idea, invest at your own risk.
Autodesk is clearly in an uptrend long-term, however has been trading in a range for the past half year.
It recently touched the 200MA, which has been a stable support historically for the stock.
Avoid buying if it breaks 275 level of support.
I think the current 293 can be a good entry, although an alternative entry around 305 can be a safer play.
If it moves up strongly over 305, I expect it to test ATH at 322.
Happy to get feedback on my idea.
ADSK approaching breakout levelADSK approaching breakout level. Would love to see some consolidation either under this downtrend line, or below 304 for a move back to the ATH. An inside day would beautiful!
Ichimoku entry ADSKTrigger this time is the lagging span, least common of the 4 triggers but also the most successful among the trades where i've been tracking that.
My current settings are still:
9/26/52/26/13/52/0.5/0.1/0.5/5
Long | ADSKNASDAQ:ADSK
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
TTD ADSK7.9.20 TTD ADSK In this video I discussed more market dynamics in both of these equities. TTD is definitely a bullish market that is making new highs and has no structured that suggest resistance because there is no resistance based on the past and this has certain challenges to it. There are certain details that might be of interest, things we can look for, not as an absolute commitment that they will happen, but we have a chance to analyze previous behavior and what future behavior might look like. I will follow up on this chart regardless of what happens after today. ADSK similarly has made all-time highs and has no resisting structure, but it does have behavior from the past which is very important to recognize in my opinion, and if you had recognizes behavior you have a way of interpreting the market and taking advantage of this market when it was trading around structure, and for that reason it's worth looking at ADSK. I did not have time to talk about the current transitions in ADSK which actually give us some information that we can work with, but I will address this on a future video.
ADSK shortI will be shorting this stock adjusting stop losses at different Fibonacci levels as indicated by the arrows. Initial stop will be at 1 on Fib ladder.
AUTODESK: ANOTHER EARNINGS DISAPPOINTMENT MIGHT BREAK THE TRENDAutodesk is a software company. It's stock rose 50% since last October. The market cap is currently 46B USD. Last year's revenue was only 2.578B USD, while the net income was a negative 80.8M USD. We were following this stock for a while and consider it overvalued. The time to go short might have arrived now. In the chart the earnings are indicated. Everytime Autodesk disappointed with the earnings and the stock dropped but recovered quite quickly.
Last earnings report on 26 Nov 2019 was 0.30 USD instead of the estimated 0.72 USD. The estimate for 27 Feb 2020 is 0.89 USD. Chances are high that Autodesk will miss the earnings estimate again. What might be different this time is the reaction. The chart, the MACD and the stochastic show that the stock hasn't dropped for months. If the earnings will disappoint again, the stock will probably drop further and for longer than after the last earnings.
ADSK - AUTOCAD will not cure cancerMay rise a bit into an earnings by end of FEB , however it's been a nice 25% move in stock price without any cool off.
Watching for divergency flip.
ADSK Compression at New HighADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
Perfect flag breakout to end the dayThinking this flag goes until 159.88-160.00 and hits resistance. From there a possible short play, if it can breakout would be huge but I don't think that happens. Good for a scalp both way.
ADSK looks interesting hereClearly defined support and resistance in an ascending channel. If it's going to rise to around $200, it will first need to break out above a descending trendline around $167. I'd maybe put on half a position here and add more if it falls to the bottom of the channel or if it breaks out above the descending trendline.
ADSK Has MACD/Volume Oscillator Positive DivergenceADSK has a positive divergence pattern with MACD/Volume Oscillator. This new combination indicator often leads price action, which is beneficial to Swing and Momentum Traders.
[ADSK] It's starting phase 4 -> Don't Buy!Last week the price went under the MM30, so it's officially starting the phase 4. I think you should sell.
ADSK looking to go lower sharply. Gaps to fillADSK looking to go lower sharply.. Coy hasn't turned a profit in recent years but mania keeps pushing it higher in hope.
