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Puma: Nearing the Finish Line 🏁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 25% chance that the share could cancel the ascent, complete wave alt.B in magenta instead and dive below the support at 41.32€. In that case, we would expect Puma to develop wave alt.II in gray below this mark first before turning upwards.
XETR:PUM
by MarketIntel
1
What's up with Deutsch Bank ($DB)I drew this setup about 10 weeks ago and since everything worked as planned so far I decided to share it. DB is in a symmetrical triangle (weekly/daily chart) or maybe even in a falling wedge. The previous trend was bullish, nice HH (higher highs) and LLs (lower lows), what gives rise to the idea, that there could be a bullish breakout. The BO is confirmed, if this weeks candle closes outside the formation. Most likely this weeks candle will have a small to medium upper wick, since it is approaching a certain type of resistance, called a Order Block (OB). OBs are similar to support and resistance areas. After hitting this OB we will most likely see a retracement in price back to the purple area (area of interest/ buy area), where I will enter my first long position. My S/L is beneath the grey resistance zone. My TP is at the end of the black arrow, I choose to exit there because there is a major resistance and it is a very relevant area. To me this sounds like a tempting well thought through trading idea. But remember: use proper risk management and be responsible. As always: no financial advice
NYSE:DBLong
by SimpForProfit
PNE consolidating wellIf we look at 200/50 MAs and RSI, it is possible that a curved shape occurs with the SP and it can be that 50MA crosses the 200MA for a bullish set up in a few weeks. Then it is possible testing the recent highs again. Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis. I wouldn't invest just looking at the technicals in this volatile market trend. I recommend you to take into account other indicators as well and doing your own DD. Not an investment advice. These are just my opinions on the probability.
XETR:PNE3Long
by StockNudge