ADDYY is approaching its resistance at 118.04 (61.8% Fiboancci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal.
Stochastic is approaching resistance as well where a corresponding reversal could occur.
ADDYY is approaching its resistance where a reversal could occur. Stochastic is approaching its resistance as well where a corresponding reversal could occur.
ADDYY is testing its support at 105.41 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.56 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support at 2.01% where a corresponding bounce could occur.
Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout and sell the retracement!
Type: Swingtrade
Sell-Limit: 192,30
Stop-Loss: 111,984
Target 1: 172,00
Target 2: 165,15
Risk-Reward: 2,89
Peace and good trades
Irasor
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ADDYY is approaching support at 105.90 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could bounce up to its resistance at 116.60 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 3.2%.
Adidas ia approaching it support at 110.52 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 118.61 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
Traders can look to have another go (short) at the sportswear giant.
Technically, we have the price testing the downward trend line resistance, with 207 being a significant breakdown level.
Short at current price: 206.90
SL: 211
TP: 196
Judging by the candle structure, the move higher (from the "gap" close) on 11-October has been rather choppy, with the 50-day MA now acting a resistance level and starting to roll over.
I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195.
Trade levels:
Short/Sell current levels at €206.40
SL:...
Trade Alert
We can see that Adidas recently tested the long-term upwards moving trendline, taken from the lowest point of August 2015, from which it quickly rebounded. Also, the stock is aiming for the 192.10 resistance level, a break of which could set the stage for a potential move higher (Please see the chart for details).
Alternatively, for us to turn...
Though ADDYY has proven to be a nice growth stock over the last 10 years compared to market average, I’d imagine that everyday investor would not be sold on its periodic volatility, that has made a sporadic -15% dip from time.
50 EMA crossed the 200 EMA on the 4H time frame, and looks like the same will happen for the 1D time frame. This is not necessarily a...
Trade Alert
Something to keep an eye on for the time being.
The stock is not far from its upwards moving trendline, drawn from the 10th of November 2016, which could act as a nice bouncing ground again. If that's the case, then we could see the stock attempting the 187.10 zone again, a break of which could lead towards the 193.05 area.
If the aforementioned...
After several days of climbing, Adidas AG has reached a 365 day high.
They say, once you've reached the peak, better enjoy the way down.
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Higher highs is now turning to Lower highs making a good opportunity to short. As you can see Elliot 5 waves have completed and correction is started. Price is now at golden 61.8 ratio. On the other hand, we have a possible head and shoulder pattern(reversal pattern). The position to short would be at 184.50 with target zones 166.00; 142.00. Stop loss would be...
