PUMA long trade (1 to 6 months)Puma is gonna benefit from nike's problems.
We are currently at a nice stable bottom. (support)
Buying season is coming.
1PUM trade ideas
PUMA LONGPay attention to order block, support level and 61,8 fibo.
All in one place.
Clear as the sun that it can go UP.
Company is healthy.
LimitedThe 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: 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.
PUMA DOWN? (delisted from main index DAX / DEU40 today)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 bulls.
THIS IS NOT A TRADING ADVISE! DON'T TRADE IT. IT'S JUST AN IDEA WHAT COULD HAPPEN. ALWAYS MAKE YOUR OWN DECISIONS! YOU ARE SOLELY RESPONSABLE FOR YOUR DECISIONS.
PUM // Triangle patternIn 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.
PUMA (BUY)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 and its growth as an athetic BrandPUMA 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 in sports such as football, rugby, sprinting, and their recent ventures into Formula 1 and motorsport will all pay off. they have recently signed some major football players such as Lewandoski(top goal scorer in 2020), Luiz Suarez (arguably the greatest striker in history), and Neymar, who is one of the most marketable athletes in the sport. This play is less based on the chart, but its gaining market share in sport. I can see its market growing at least 5x to €66 billion and therefore the stock running up to €440. We could even see gains to €80 billion in market cap. Buy @ €90 and take first profits @ €440. this trade is an investment and long term. Maybe go buy some PUMA runners rather than NIKE now, so we can see that chart take off like a Falcon heavy.
PUMA Leap? Lamelo Ball Favoritism ...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 to retrace the previously overbought price trend @ $11.73 being the high in December 2020. From a technical standpoint, it seems as if price has bounced off of a new resistance which i believe was made in November '20. I see it broke through the new resistance which was around $9 in my opinion. It also seems as if there are dips being caught on the stochastic between the 51.39- 39.42 levels as marked. I believe a new support is being created and with so much fundamental analysis, I see a nice potential leap forward in regards to this brand in general.
Lamelo is the next big thing and this is why I'm buying in. I see alot of potential in this brand in comparison to an UA. Oh....one last thing....American Football technology and sponsorship...just watch..
Puma SE may reach 65,52€ +13,7%Second impulse activated for PUMA SE after activating second impulse. The value may reach 65,52 +13,7% from current price.
$PUM: Bearish Rising Wedge - Target 55.00 EURBearish rising wedge
meets
volume price divergence
meets
Hanging man candle
Let trend reversal confirm.
Trade idea:
Target: 55.00 EUR
Entry: 61.25 EUR
Stop: 61.90 EUR
On a Long WayWe have to retrace a long way down to correct the long rise of the past 2 days. We have just started and are holding well below the MA at this time.
PUMA | Bullish divergence + Bollinger Bands (long)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.
Puma with interesting long setupWith crossing the last high on monthly close it opened the door to the next Fib-level 1.618% which points at 500€. Stop at ~340 where the wicks indicate that a rich shark with billions bought here.
The next BreakOut-candidate?This is a nice Chart, pume just knows one direction :-) Now i see a Kind of flag, trading above the Breakout-Trigger should initiate a bigger buyingwave. But watch the RSI - he is in the overbought area, so a further round should be exspected before the breakout can come :-)
PUMA textbook bull flagA 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.
