Autodesk $ADSK has been bullish heading into 2018, and extended higher despite being more choppy and sideways throughout the year. ADSK Daily Chart (click to enlarge) Critical Support:- Since price of ADSK shares came up to $160 a share, it has retreated back towards the $120 area, where it found support.- $120 was indeed a key support/resistance pivot. - Furthermore, even though price cracked a rising trendline, we can still say that it is respecting this rising support.Resistance:- The thing is , price has fallen below the moving averages, and this cluster will now serve as potential resistance.- Within this area, we also have the common resistance in the $140-$141.15 area. - Finally, if the RSI comes up to 60, it would be resistance IF the overall trend has turned bearish. - However, in this scenario, there is another challenge against the bullish outlook at 145-$146. This was support to a previous price top pivot. which might turn into resistance. Scenarios:- - A break above $141.50 with the RSI going above 60 on the other hand suggests a break of these key resistance level, and would open up the $160 high again.- BUT we want to see what happens at $145-$146 to confirm. Rejection here and return below $140 could be part of a earish correction/consolidation mode. - Ability to hold above $138-$140 would also add to the bullish continuation scenario.- Now a break below $120 would be a major bearish signal with downside towards $100, around the 2018 lows.