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ADS-GR: Purchases opportunity by Adidas'stocks

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ADS-GR Forecast / Our Expectations: Strong trend action and opportunity to buy after the head & shoulders neckline breakout. The price is testing the structural support of a previous peak and there is a chance for a new price increase. The presence of a Gap at the market open today reinforces the likelihood of new bullish sentiments. DeM (14) has moved from a oversold zone above 0.3 to support long expectations. SMA50 / 200 moving averages are in a bullish formation. SL 180.00.

Alternative Scenario: If the price moves back below the last bottom of 29.08.2017, this will break the positive scenario and we can expect a downgrade after a breakout below this level.

Trader Nikolay Georgiev

 


 Varchev Traders

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