ADDYY Approaching Resistance, Potential Reversal ADDYY is approaching its resistance where a reversal to its support could occur
ADS trade ideas
Three Stripes and You're Out: Short Adidas AGFollowing a strong year-to-date rebound, the share price of DAX-listed Sportswear and leisurewear giant Adidas may be vulnerable to a lapse of support as it re-tests it’s breakdown level as well as the overhead resistance going back to it’s all-time high peak of €218 on 28 August 2018. At it’s last close of €207.07, the price is starting to roll over from overbought territory, while the momentum indicator signals the commencement of a short term bearish trend.At current levels, traders could look to short sell the share in anticipation of a move lower.
Trade Levels:
Short/Sell Adidas at current levels: 201.70
Stop-loss: €206.00
Take Profit Target: €188
Adidas is looking for you...Focusing on the quality of its products, Adidas is in full fight with its main competitors especially with Nike.
Adidas begins to be more and more strong in important markets such as China and the USA, we all know the quality of their products and with a strong strategy in online sales is definitely a good prospect.
Charts and stock prices are obviously not the way to compare two companies like Nike and Adidas (information resulting from a fundamental analysis can help us compare oranges with oranges). But it will certainly be interesting to see how these charts develop.
Currently Adidas is at a area that has been difficult to leave behind. However it is no small thing, since 2015 has a performance that has kept its investors and specialists happy.
Best wishes to all!!!
ADDY approaching resistance, potential drop! ADDY is approaching our first resistance at 118.88 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement, where a strong drop might occur pushing price down to our major support at 110.35 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
ADDYY Approaching Resistance, Potential Reversal!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 Approaching Support, Potential Bounce!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.
ADIDAS: Swing-Setup - Lets sell this Breakout!#1Hey 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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Any questions? PM me. :-)
ADDYY Approaching Support, Potential Bounce!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%.
ADDY Approaching Support, Potential Bounce!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.
Adidas AG - Three Stripes and You're Out! 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: €210
TP: €196
Adidas - Daily - Looks like it could a make run for it.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 bearish on the stock, we would need to see a break and a close below the aforementioned upwards moving trendline. This way we could start targeting lower support levels (Please see the chart for details).
Always have your stop-loss in place.
ADDYY - Not The Best Looking ChartThough 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 bullish case moving forward.
Adidas - Daily - Will the trendline hold? 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 trendline eventually breaks, then this could lead to a drop in the price to the 171.55 area and maybe further declines are possible.
Don't forget your stops.
Adidas AGHigher 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 placed just above golden ratio.
- Support (Team)
