Adidas ADS Trading Near Important Support Level in Weekly ChartAdidas Stock Trading Near Important Support Level – A Potential Long-Term Entry Point
Adidas (ADS) stock is currently trading near a crucial support level, presenting a potential opportunity for long-term investors. Historically, this price level has acted as a strong base, with notable rejections
349.527 ARS
756.72 B ARS
23.46 T ARS
About adidas AG
Sector
Industry
CEO
Bjørn Gulden
Website
Headquarters
Herzogenaurach
Founded
1989
ISIN
ARBCOM460424
adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following geographical segments: EMEA, North America, Greater China, Asia-Pacific, Latin America, and Other Businesses. The Other Businesses segment includes the activities of the Y-3 label and other subordinated businesses. The company was founded by Adolf Dassler in 1920 and is headquartered in Herzogenaurach, Germany.
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Adidas ADS Trading Near Important Support Level in Weekly ChartAdidas Stock Trading Near Important Support Level – A Potential Long-Term Entry Point
Adidas (ADS) stock is currently trading near a crucial support level, presenting a potential opportunity for long-term investors. Historically, this price level has acted as a strong base, with notable rejections
Adidias - more downside awaiting (?)I chose to present the chart as log scale to show more clearly the sub-waves of the white impulse count. Without that the impulsive structure of the waves wouldn´t be easy to see.
My main scenario is that Adidas will become cheaper in the foreseeable future as market price broke the structure indic
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