Germany- Adidas shares keeps the positive stability– Analysis – 09-12-2019

Adidas price ended the bearish correctional rebound by providing a new positive close above the bullish channel’s support at 271.10, to reinforce the main bullish scenario for the upcoming trading.

The stability of the moving average 55 near the main support confirms the trading confinement within the bullish range, to expect gathering a new positive momentum, by forming a bullish trading, to target 283.40 and 288.50 level.

The expected trading range for today is between 274.00 and 283.40

The expected trend for today: Bullish