Trading idea for Adidas AG (XETRA)

#ADS

The overall trend is ascending. The descending wave patterns are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:

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

Stop loss is below the support level 243.00.

Target levels – 267.00; 300.00.