With 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.
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 :-)
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...
Strong weekly demand imbalance around 304.75 on Puma SE German Stock. DAX 30 German index is rallying very strongly giving more confluences to longs on many German stocks
