Mar. 8 at 2:47 AM
$ADSK weekly RSI just hit its lowest reading on the entire chart. Lower than every prior bottom. Lower than COVID.
And look at the volume — second blue arrow pointing to a spike identical to the one in early 2024 that preceded a rally from
$195 to
$329.
Same setup. Same signals. Author drew the parallel explicitly.
Flow confirming:
$247.5 calls swept three times today.
$227K anchor sweep. Someone paying for immediate upside right at the low.
Bull case: bounce from
$243–260 base, reclaim
$270 →
$300 →
$320 is the measured move.
Bear case: RSI extreme doesn’t hold,
$232–235 next, then
$200 green zone.
High-quality software name. RSI this low has never not mattered on
$ADSK.
#ADSK #Autodesk #hovdid
