Adidas shares price succeeded to surpass 204.50 barrier to form the double bottom pattern and reinforce the domination of the bullish bias by recording 214.43 level, also, the price consolidation within the bullish channel allows us to suggest more positive trades to target 217.90 followed by reaching the bullish channel’s resistance at 224.60.
We notice stochastic renewal to the positive fluctuation above 50 level, to increase the chances of gaining additional positive momentum to ease the mission of achieving the suggested additional targets.
The expected trading range for today is between 208.20 and 217.90
The expected trend for today: Bullish