PUMA textbook bull flag
Updated
A really beautiful setup on Puma formed, but what i especially like about this stock are the fundamentals about it.
They released earnings report yesterday and for the 3rd time this year, puma was able to beat estimates and raise forward guidance significantly.
From a fundamental perspective its a screaming buy, technicals are also providing a very interesting picture by forming a bullish flag.
Yesterday the stock rallyed higher to test the 350€ area, but today its giving a little bit of profits back, i am interested in the 335€-330€ area for a potential buy entry.
Looking for a move into 400€.
I will be updating this idea, if a entry sets up.
Blessings to you.
They released earnings report yesterday and for the 3rd time this year, puma was able to beat estimates and raise forward guidance significantly.
From a fundamental perspective its a screaming buy, technicals are also providing a very interesting picture by forming a bullish flag.
Yesterday the stock rallyed higher to test the 350€ area, but today its giving a little bit of profits back, i am interested in the 335€-330€ area for a potential buy entry.
Looking for a move into 400€.
I will be updating this idea, if a entry sets up.
Blessings to you.
Trade active
Hi traders,This trading idea is active.
Look below at this beautiful breakout bar. Stop is placed below 340€.
Targets 390€ and more.
Note
Already in nice profit.Moving stop to breakeven.
Risk free trade.
Note
Taking off 80% of this position for a good profit. Leaving the remaining with stop at breakeven for a break of 400€.
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