Adidas

Screen Shot 2016-08-05 at 12.26.30 pm

Adidas’ parabolic chart looks amazing, so is the end of its rocket trip? If it pulls back strongly with lower highs, it could be a chance for good shorting trades. Take not of the fibo levels as a guide.

It just reported earnings: http://www.bloomberg.com/news/articles/2016-08-04/adidas-falls-on-profitability-forecast-and-nike-s-golf-pullback

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