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