Perhaps I have not been as clear in my post as I had hoped to be.
I am not talking about a bounce. I am talking about a bottom formation and a sustained uptrend which would follow. This uptrend will be backed by both fundamentals (improving sales, margins, and Adidas ) as well as technical.
Don’t buy it for a bounce, but consider buying it for long term holding in your portfolio. And buy it precisely because it has gone nowhere in the past so many years and …..because it may go up a lot in the coming years.
I rest my case; the decision is yours. Pl do as you deem fit and proper.
Subscribe To Our Free Newsletter |