Germany: Adidas keeps the positivity – Analysis – 18-9-2018

Despite Adidas shares forming mixed trades recently, its consolidation within the bullish channel supports the continuation of the positivity for the upcoming period, also, the stability of the initial support 202.10 confirms the preparation to form new positive trades to keep waiting to reach the initial target at 215.50 followed by extending trades towards 221.15.

We notice stochastic continuous fluctuation near 80 level to increase the chances of gathering new positive momentum that confirms the attempt to record the waited targets.

Expected trading range for today is between 203.80 and 215.50

Expected trend for today: Bullish