Germany: Adidas jumps with strong positivity – Analysis – 14-8-2018

Adidas shares price confirmed the affection by the bullish bias domination to notice forming positive gap by rallying from 192.15 level and settling above the initial resistance at 202.10, while the price stability within the bullish channel increases the chances of targeting new positive levels, waiting to reach 215.00 first, followed by attempting to touch the bullish channel’s resistance at 235.00.

Also, stochastic rally towards the overbought areas reinforces the bullish expectations by providing new positive momentum, to increase the chances of achieving the waited targets.

Expected trading range for today is between 202.10 and 215.00

Expected trend for today: Bullish