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Trading idea for Adidas AG (XETRA)

05.05.2021

Market Review

#ADS

 

The overall trend is upward. The expected correction movement is in the range of the price pivot zone of 250.00. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

Trading idea:

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

Stop loss: under the price pivot zone of 250.00.

Target levels: 283.00; 302.60.

Author: GC
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