Adidas shares with a gap up in price
After a long period of calm, Adidas shares suddenly rose sharply in price with a gap. The price has reached a strong resistance level, which has already stopped its growth twice. But such a sharp rise in share prices can only indicate that the company has good news and that the growth of the company's share price may continue further.
If the price can overcome this resistance level, then the price has a large power reserve until the next level. This level is the company's all-time high of 317.40, but it is still very far from it. There are no nearest resistance levels that can stop the bulls. We set our Take Profit at 310.00 and only because it is an even level. After the price has reached the Take Profit level, we will revise our position.
Order Type: Pending Order - Buy Stop
Entry Price at 306.80
Take Profit at 310.00
Pips Earning: 320
The result of a trade recommendation. The price reached the Take Profit level in 4 hours.
The profit can be $320.00 if the trading volume of 100 Shares.