PUMA - on the road again?One of the worst performers in the european stock market for the last months the Puma stock, reasons for this were given tromendous. 1. Bad earnings expectations. People tend to buy less from the Big 3 (Nike Adidas Puma) and Puma has the least amount of loyal customers. Puma has not much cash cows (products which give continously a lot revenue), they get some money from licensed products in sports but they dont have a productline which is reliable (such as the adidas superstars shoes or the Nike Airforce 1 ...) Pumas products are absolutely overpriced. But there is at least some light for Puma, I do think they will get into better times.
PUMSY trade ideas
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.
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 | 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.
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 :-)