Adidas: Momentum Slows

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Adidas: Momentum Slowsadidas AGXETR_DLY:ADSHKCM_GlobalAdidas shares have lost upward momentum recently and moved sideways, with prices showing a slight downward trend in recent days. In the short term, we expect a corrective rebound, with an interim high below resistance at €196.40. After that, we anticipate renewed selling to push the price below support at €129.95. Just below this level—but above support at €93.40—we expect the corresponding correction low. From there, a sustained upward move is likely. Alternatively, Adidas shares could continue their upward move directly, breaking through resistance at €196.40 without further interim correction (probability: 36%).