Adidas - ADS.GR - D1
Our expectations: Long-term long trend and short-term correction. Price reached key support area. Signals for end of correction. Good levels for opening long positions.
Indicators:
50SMA over 200SMA confirms the long trend.
Demarker below 0.3 in oversold territory, turn above will give an additional confirmation signal for long reverse.
Sequential gives 9 for long.
Price in the area of 23.6% Fibonacci.
SL: 180
Alternative scenario: A confirmed break below 177 means a breakthrough the basic support, a previous bottom and the start of a new short-term short trend.
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