Adidas at week five: 20% gain, but the confirmation week closes bearish

Adidas is at week 5 of a buy signal opened in the 147 area, with a 20% gain from entry and the 1st of the 3 targets of our most advanced model already hit last week. The confirmation week closed bearish, with the system flagging an early exit option. Sector momentum remains strong and the dynamic stop has tightened in response to the weekly pressure.