Adidas: Reporting Higher Revenue & Profit + Approaching Technical Target

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Also re-iterated on 10 December 2024: https://www.unum.capital/post/adidas-ag-raised-guidance-for-q3-technical-momentum

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Previous Post: The Setup For Adidas - Wednesday, 28 August 2024

Real-Time: 15h02 S/African Time / (European Trading Session)

Ticker: ADS

Following it's recent earnings release, in which it increased it's full-year guidance, the technical price momentum re-emerging which may be a setup for a medium term swing traders. The post-earnings drop held the previous breakout level while the price has re-entered a short term bullish regime. For a patient traders, a break above $238 is confirmation of a breakout, while strong price action below the resistance level could be an early indicator of sustained strength.

Lester Davids

Analyst: Unum Capital