years on the market

Trading ideas for the Adidas AG (XETRA) 02.09.2020

#ADS

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence, and the descending pattern is currently truncated.

Trading recommendations:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop Loss at the local minimum: 250.00.

Target levels: 263.00; 270.50.

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