Autodesk gathers positive momentum - Analysis - 15-11-2022

Autodesk's stock (ADSK) fell in in the intraday levels on profit-taking, while trading alongside the upward correctional short-term trend line, with positive pressure from trading above the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect the stock to rise and target the pivotal resistance of 235.00, provided it settles above 214.24. 

Expected trend for today: Bullish