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TraderXLII

PUMA DOWN? (delisted from main index DAX / DEU40 today)

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PUMA SE (XETR:PUM)  
TraderXLII  
XETR:PUM   PUMA SE
Support and Resistance Volume Moving Averages trading IDEA puma down Bearish Patterns SELL put delisting DAX Index
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supportandresistance volumestudies movingaverage trading idea puma down bearish sell put delisting dax
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.
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