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ADSK Bullish Range Breakout Setting Up

ADSK Bullish Range Breakout Setting Up

by | Jul 21, 2021 | Chart SetUps

Autodesk (ADSK) shares setting up for a multi-week range breakout above $302.50 with room up to prior highs around $320 and explosive weekly wedge break. ADSK has bounced strong so far this week and MACD nearing a bullish turn higher and RSI back above 60, plenty of room to run after back-checking the top of June value. ADSK has seen size accumulation in the October $300 calls including 2000 bought on 7/21.