Chart of the week
Date: 04/05/2010
Symbol: ADSK
Company Profile: Autodesk, Inc. operates as a design software and service company. The company’s Platform Solutions and Emerging Business and Other segment provide AutoCAD computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT software for professional drafting and detailing.
Sector: Technology
Industry: Technical & System Software
TRADING PLAN
Entry price: long above 31.23
Stop price: stop under 30.93
Target: 32.50 areas
Chart explanation: Idea is daily continuation pattern and weekly 200sma is around 32.50 areas and because of that I will use it as target area. If market will continue with strength then I believe ADSK will see target area with good risk reward. Trading plan is based on Friday high/low.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Date: 04/05/2010
Symbol: ADSK
Company Profile: Autodesk, Inc. operates as a design software and service company. The company’s Platform Solutions and Emerging Business and Other segment provide AutoCAD computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT software for professional drafting and detailing.
Sector: Technology
Industry: Technical & System Software
TRADING PLAN
Entry price: long above 31.23
Stop price: stop under 30.93
Target: 32.50 areas
Chart explanation: Idea is daily continuation pattern and weekly 200sma is around 32.50 areas and because of that I will use it as target area. If market will continue with strength then I believe ADSK will see target area with good risk reward. Trading plan is based on Friday high/low.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
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