Autodesk, Inc. (NASDAQ: ADSK)

Autodesk, Inc. operates as a design software and services company worldwide. Autodesk, Inc. also sells consumer products for digital art, personal design and creativity, and home design in various digital storefronts and over the Internet. The company licenses or sells its products to customers in the architecture, engineering, and construction; manufacturing; and digital media, consumer, and entertainment industries directly, as well as through a network of resellers and distributors. Autodesk, Inc. was founded in 1982 and is headquartered in San Rafael, California.
Take a look at the 1-year chart of Autodesk (NASDAQ: ADSK) below with my added notations:

ADSK has been trending lower for the past 8 months. Over that time, the stock has formed an important trend line of resistance (red). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. ADSK’s trendline resistance currently sits right around $52.
Now that ADSK has hit its trendline again, the stock may be pulling back down to its $50 support (green).

The Tale of the Tape: ADSK is currently stuck under a down trending resistance. A break above that resistance should mean higher prices, thus a long trade could be made either then, or on a fall to the $50 support. Short traders might look to enter a trade at the resistance or on a break of support.