Autodesk (ADSK) ..... Possible Bearish Bat Pattern (Short)
AutoDesk (ADSK) has had a 38% run in April and may be vunerable if the overall
market rolls over after regaining just over .618 yesterday the the Feb/March rout.
Watch the direction of the overall market and try to extinguish a long or establish
a new short position near the top of the green box.
This a 3 hour plot so the window may be short.
That said I wouldn't be too agressive in shorting let the market tell you.
Earnings are sheduled for mid May
Good Luck
S.
market rolls over after regaining just over .618 yesterday the the Feb/March rout.
Watch the direction of the overall market and try to extinguish a long or establish
a new short position near the top of the green box.
This a 3 hour plot so the window may be short.
That said I wouldn't be too agressive in shorting let the market tell you.
Earnings are sheduled for mid May
Good Luck
S.