Adidas Moving with Momentum. ADI
Converging Elliott triangle and three soldiers on price action. MIDAS line cross plus supportive, upgoing vWAP/US combo is reassuring. BB%PCT flip present, plus simultaneous, recent signal throw off by VZO/EshlersStochRSI combo. All of this paints a high likelihood of continued motion to the upside. We may find resistance at the upper triangle trendlines, or establish it as a support and keep moving further up from there.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.