Germany: Adidas gains new momentum – Analysis – 13-9-2018

Adidas shares price ended its negative rebound by providing positive stability above the initial support 202.10, confirming the affection by the main bullish bias domination, also, the price stability within the bullish channel besides the fluctuation of the moving average 55 below the current price confirms the preparation to form new bullish attack to target 221.15 in the near term and medium term period.

Also, stochastic release from the oversold areas confirms getting rid of the negative pressures, to increase the chances of gathering the positive momentum that confirms the attempt to achieve the suggested target.

Expected trading range for today is between 203.00 and 215.80

Expected trend for today: Bullish