adidas AG
Panjang

Adidas - Daily - Looks like it could a make run for it.

83
Trade Alert

We can see that Adidas recently tested the long-term upwards moving trendline, taken from the lowest point of August 2015, from which it quickly rebounded. Also, the stock is aiming for the 192.10 resistance level, a break of which could set the stage for a potential move higher (Please see the chart for details).

Alternatively, for us to turn bearish on the stock, we would need to see a break and a close below the aforementioned upwards moving trendline. This way we could start targeting lower support levels (Please see the chart for details).

Always have your stop-loss in place.

Penafian

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