Home About the company Daily reviews Trading ideas for Adidas AG (XETRA) 23.10.2019

Trading ideas for Adidas AG (XETRA) 23.10.2019

23.10.2019

Market Review

The stock is trading in an upward price channel in the range of its lower border. The pivot zone of 277.40 holds back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator signals oversoldness with parameters 30.10.10. The pivot zone of 280.09 holds back buyers.

Trading recommendations:

Buy on the current uptrend above the pivot zone of 280.09.

Stop Loss under the pivot zone 277.40.

Target levels - 288.00; 295.00.

Author: admin
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