ContraryTrader

Secondary bounce or back to Primary?

NASDAQ:ADSK   Autodesk, Inc.
Primary channel/ Uptrend- Red lines
Secondary / Super uptrend - yellow line

Next week will be telling. if the market does head for a correction this could take a trip back into its Primary channel which even though its in a uptrend it would mean a 30% hair cut.
Back in march when the nasdaq corrected Adsk actually fell and bounced off its Primary.
Analysts gave this an average of 340 price target , the same peole who gave tesla 1000 price target😂
Lets see what happens

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