Germany- Adidas gets ready to the bullish bias– Analysis 18-1-2019

Adidas price succeeded to regain the bullish bias by its rally above the broken bullish channel’s support at 197.00, the continuation of the price fluctuation above this support makes us prefer a strong bullish trading in the near and medium period, target 207.00 level, reaching to the top at 217.90.

The moving average 55 stability below the current trading and stochastic rally to 80 level forms supported factors for the positive stability, to keep waiting for achieving the suggested targets.

Expected trading range for today is between 197.00 and 207.00

Expected trend for today: Bullish