Today we will analyze the stock AUTODESK INC (AUD.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in AUTODESK INC (AUD.MU)
1- Last bullish trend was from 29.35 $ (4/25/2012) to 30.78 $ (5/2/2012) a 1.43 $ move 2- The current bearish trend started from 30.78 $ at 5/2/2012 and is currently trading at 28.48 $.
3- AUD.MU current support level is at 28.47 which is the 161.80 % fibonacci retracement of the last 1.43 $ move.
4- AUD.MU current resistance level is at 28.96 which is the 127.20 % fibonacci retracement of the last 1.43 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AUTODESK INC (AUD.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 30.780 and 31.940, and is currently resisting at 30.393.
AUTODESK INC (AUD.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 27.290 and 23.080 that was broken down at 29.640 transforming into a resistance line.
AUTODESK INC (AUD.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 27.290 and 23.080 that was broken down at 29.640 transforming into a resistance line.

Stock Trading Conclusion:
AUTODESK INC (AUD.MU) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 28.96, 29.02, 29.35, 29.36, 29.63, 29.90, 29.90, 30.07, 30.23, 30.39, 30.44, 30.47, 30.78, 31.95.
Stock Support levels : 28.47.