1ADS trade ideas
Adidas going upHi guys. As we can see the price is going up after touching the resistance line and the new target could possibly be 296.
If the stock beats this price (296) it will shoot up to 320 or more.
Besides it is quite above the moving average (60) so it indicates an upward trend.
Fibonacci retracements were also used showing that the price broke one of the lines.
Finally I can say that I have ambitious expectations about this stock.
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 WAITING FOR CALLSAdidas is one of the top 10 stocks in my shortlist. I don't know why but the chart is crazy bullish. And im expecting a parabolic move to the upside in 2020
I don't have any setups yet but waiting for the levels to watch for call options
I'll be sharing ideas in a couple of days/weeeks
RBS OVERLY BULLISH ON ADIDAS $305 PRICE TARGET UPGRADEAdidas price target raised to EUR305 at RBC Capital. RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain. Read more at: thefly.com
DESPITE A HUGE UPGRADE THIS IS NOT A POINT TO BE ENTERING THE STOCK, IT IS IN OVERBOUGHT CONDITIONS AND VULNERABLE TO A CONSIDERABLE PULLBACK, WHICH IS DUE AND NEEDED.
AVERAGE ANALYSTS PRICE TARGET $146
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 30
COMPANY PROFILE
RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain.
Does ADIDAS have more bullish potential?We can see that the price has recently made a breakout above the previous resistance line, and went quite high up. As we believe that the stock has fundamentally even more potential we are waiting for a corrective move after that big bullish explosion, and are then expecting another bullish move.
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