Will the Bearish Flag hold or fail? Plot your targets on the chart.
Bearish continuation if preceding move was down.
Technical analysis of Autodesk (ADSK) reveals a significant setup. Currently at $228.59, the asset is showing upward momentum (0.64%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 15.2/100, suggesting moderate momentum. A potential breakout level is identified at $214.1, targeting $153.95 with support near $244.8 (R:R 1.96).
What is your outlook on ADSK?