The Adidas shares price provided new bullish trading by its rally again towards 116.20 level, to keep the stability within the bullish channel levels that appear in the above image, therefore, we will keep waiting for targeting the extended channel’s resistance to 121.50, and then monitor the price behavior to detect the true targets in the futuristic period.

The stability of the moving average 55 below the bullish channel’s support increases the positive pressure on the trading besides the stability of stochastic within the overbought level, to provide more of the positive momentum until achieving the suggested target.

Expected trading range for today is between 109.00 and 121.50.

Expected trend for today: Bullish