How to use the Seasonax tool to choose a great time for a seasonal trade in a German company, the world-famous sportswear company called Adidas?
You can look for seasonal opportunities by choosing which date you start. First of all, use the de-trend button to make it easier to recognise true seasonal patterns. Look at what visually looks promising. Let’s look at March 22 – April 20.
We now see that over the last 15 years Adidas has gained 80% of the time and made over 6.85% in returns on average.
Major trade risks
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If interest rates are seen to be rising too fast, that could cause a broad sell-off in stocks in the near term
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Any bad news for Adidas could also weaken the stock around this time.
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This article was originally published by Fxstreet.com.Read the original article here.
