Following weekly chart, I got a short signal. TP 204.6 SL 231.7, close above candle close.
Hi, According to my analysis of Adidas stock, there is a good chance that you will buy or invest in this stock for the long term. The stock is in a very positive condition, going in an upward channel. It also broke the strong resistance at the level of 170. It is expected that the price will return to the same area to retest the rise once again. Good luck everyone
Adidas just broke an uptrend and finished 1-5 Elliot wave. We are waiting for an ABC correction, we should enter for a long position on the C, which should be ~80$ mark, since market created gap there which needs to be filled, also there is a 61.8% fib zone which indicates that market should reverse in that zone. Entry: 80 Target 140 Invalidation: 70 Ratio: 6
Adidas has been in a consistent uptrend since listing, comparable to that of Visa. With only one inverse bump and run present. Great long opportunity in these current market conditions.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Break Ups (Dax Index incl. all shares) drive.google.com Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... DAX 30 Index & all Shares (2016 yearly Performance) @ drive.google.com Best regards Aaron