The price seems to be limited at around 63 at moment.
From Monday until this morning we saw a decline which has been retraced by 50 % now.
Due to the violation of the trading short term range this morning I expect a continued decline for a while.
Puma is nearing the finish line, marked by the final low of wave II in gray. To reach it, the share should still advance a bit deeper into the turquoise zone between 54.32€ and 44.25€. Once the low is established, Puma should take off and start a fresh upwards trend, heading for the resistance at 70.88€, which should be conquered in due time. However, there is a...
The stock was delisted from the main german stock index DAX (DEU40 / GER40), taking effect on Dec 19, 2022.
I will sell the stock if the candle CLOSES below the down trend line on daily basis, using a (european) knock out certificate. It's a kind of short selling in the US.
On Friday 16, the volume got extremely high which let me think of an exhaustion of the...
In order for the formation to be valid, let's look for closures above the resistance point I specified with X. Targets are determined according to Fibonacci.
Breakout of the bearish trendline plus a pull-back already made and an RSI that wants to cross the 50 zone. We can therefore expect a direct rise or a pull-back before the rise.
PUMA was once the largest in the athletic industry, but then in the '80s and '90s, it got off track and ventured into the fashion industry. This proved to be their downfall. Nike and Adidas soon overtook them in market share by a long way. PUMA now has a market cap of €14.26 Billion. PUMA though is now gaining market there back that the loss in the '90s. This is...
Three huge signings 2020:
1. J-Cole
2. Lamelo Ball
3. Neymar Jr.
Enough said...More notes in markup. I feel like Puma and UA are the new kids in town and have alot of momentum going for them! I love how PUMA is becoming a must-have in Futbol culture.
I see nothing but elevation from this point on. It already surpassed the 0.618% of the Fibonacci. I used the tool...
Puma could go up in a short term, indicated by the bullish divergence that can be clearly seen in the hourly chart. Additionally, the bollinger bands are narrow(ing), thus indicating a soon brakeout. As the MACD looks undecided yet and since it could also go downwards, remember to keep a tight stop-loss.
