Germany- Adidas keeps rising– Analysis – 26-7-2019

Adidas price confirmed the continuation of the bullish bias domination by its repeated stability above the support level at 270.75, to notice its rally to the upside, recording a new historical target at 288.75.

Stochastic stability within the overbought level increases the chances for gaining the extra momentum, which allows it to record more of the historical targets that represented by 294.05 level reaching to the resistance at 303.10.

The expected trading range for today is between 279.00 and 294.05

The expected trend for today: Bullish