Adidas price moved away from the bullish channel’s support at 269.90, wearing green due to its reach to the initial positive station at 289.00, which confirms the price affection by the bullish bias domination, which makes us prefer more of the bullish attempts to target 296.30 reaching to the first historical targets at 304.10.

By the above image, we notice stochastic reach to the overbought level to increase the chances for gaining a new positive momentum in the current period, to reinforce the attempt of recording the suggested extra targets.

The expected trading range for today is between 281.50 and 296.30

The expected trend for today: Bullish