Adidas Ag S/adr had a nice pop today and is currently up 3.12% we'll see if the cash keeps flowing in. It looks like ADDYY could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping.
But it may be a good time to take profit or wait for a better entry point for a long position. ADDYY hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to break through or not.
If the price breaks through the resistance level it will probably move up to the $108.13 level where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $79.95 it may head back up from there or break lower.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
