Long

Daily 4XSetUps - Current Calm Before The Storm In ADS Shares

2024/11/12
Daily 4XSetUps - Current Calm Before The Storm In ADS Shares
“the price action seems to calm down between 100 and/or 200 sma!
is it going up again? and/or is there a risk of a sell-out under 200€?”

According to strong quarterly figures that were provisionally published on October 29, 2024, sees itself well positioned for the coming year 2025. Growth in two specific regions of the world in particular is providing the company with tailwind, the press report said. According to its own information, sales recently increased by +7.3% to 6.4 billion euros. After a strong third quarter, the German sporting goods manufacturer is once again optimistic about further developments. CEO Björn Gulden considers the business to be well balanced with double-digit growth rates in both the lifestyle and sports categories. "The strong underlying growth in China and the earlier-than-expected return to positive results for the Adidas brand in North America in the last two quarters give us confidence for the medium-term future," he said when presenting the final figures for the third quarter of 2024 at the end of October 2024, in Herzogenaurach (Bavaria, Germany).

had already presented preliminary figures on October 15, 2024 and increased the forecast once again. The company confirmed this on October 29, 2024. Sales rose by +7.3% to 6.4 billion euros, with currency-adjusted revenues increasing by +10%. Among other things, benefited from robust demand for retro sneakers and football jerseys. The growth was driven primarily by Europeans' willingness to buy. But was also able to grow by almost +9% after adjusting for currency effects in the important Chinese market. Consolidated profit from continuing operations increased by +73.4% to 469 million euros.

“It is far more common for people to allow ego to stand in the way of learning.”
Ray Dalio

247.6 € : 2020/03/05 - GAP High Coronavirus Outbreak SellOff
245.1 € : 2020/03/06 - High Of False Trading Day Inside GAP
237.7 € : 2020/03/06 - Low Of False Trading Day Inside GAP
234.9 € : 2020/03/10 - GAP Low Coronavirus Outbreak SellOff
223.7 € : 2024/11/12 - 200 Trendline SMA1 hl/2
217.6 € : 2024/11/12 - last price action
215.8 € : 2024/11/12 - 100 Trendline SMA1 hl/2
These are the most important price actions for the share. The GAP is essential in the historical context because it allows us to differentiate the price action into historical low prices and/or highest prices. But since we were still at more or less €100 at the beginning of 2023, we shouldn't be so hasty - which is why the price target of €248 is also dated to the end of the second quarter of 2025.

236.5 € : 2024/08/30 - August High 2024
225.6 € : 2024/11/11 - High After Trump Election
212.2 € : 2024/11/06 - Low After Trump Election
207.8 € : 2024/09/11 - September Low 2024
Currently the price action is more or less around our entry price. But regardless of this, what is more important is the fact that after the failed breakout from the GAP described above, the share is currently more or less oscillating sideways after Trump was re-elected to the White House, last week. And that also between the 100 and/or 200 sma trend lines. So we are currently talking about a calm before the storm - the beginning of a medium-term and/or long-term trend. Bullish or bearish trend? I don't know! Therefore, definitely operate with a stop trip - even if we are stopped out. That's part of the business. But first we should watch and hope that €212.2 holds as a resistance zone. And based on that, the €225.6 will be tackled again by us bullish btraders and/or investors.

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248.0 € : 2024/08/14 - Target Price
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217.6 € : 2024/11/12 - last price action
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208.0 € . 2024/08/14 - Stop Price
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As I tried to describe in today's Another 48h - Money Seems To Be Flowing Into The Rising DXY, the Eurozone seems to be coming under economic pressure. Which seems bearish not only for the , but also for European stocks, in contrast to US stocks. Since the US yield curve doesn't seem to be getting cheaper either . Therefore, always operate with stop trips, let alone target prices, when you are implementing a 4XSetUps - and that regardless of my formulation.

With best wishes
and with good intentions!
Aaron

“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in DXY every day so that we learn something new daily.

Devise2Day

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