Blog
Adidas
- 2021-06-02
- Traiding Idea
Adidas is a producer of shoes, clothing and accessories based is Germany. It is the largest sportswear producer in Europe and the second largest one in the world.
The company has issued an attractive report on its performance on May, 7th and as a result of easing the Coronavirus restrictions, the company’s efficiency is increasing. In terms of technical analysis, a pullback is occurring on the broken resistance and we are waiting for the pullback to finish.
Summary:
Entry conditions: the breakage of the channel and completion of pullback
Status: waiting
