MarketIntel

Puma: Nearing the Finish Line 🏁

XETR:PUM   PUMA SE
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.

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