HotForex

ADDY Approaching Support, Potential Bounce!

Long
OTC:ADDYY   adidas AG
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.

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