the puma-Aktie (WKN: 696960) had gone through a cyclical boom that catapulted the listing from the corona crash low of EUR 40.00 in March 2020 to a record high of EUR 115.40 recorded last November. Since then, the DAX value has established a dynamic one downtrend and reached a on May 25th Low at EUR 57.94. The bullish Doji candle formed that day marked the start of the current one recovery rally. The share certificate could last after the downtrend line from the January high, too 50-day line overcome. Yesterday’s price increase sent the listing at the end of the day over the 23.6% Fibonacci retracement the bear market to a 5-week high. Potential next recovery targets are now EUR73.52, EUR74.72 and EUR76.70-77.70. The medium-term downward trend would only be broken with a rise above the EUR 80.00 mark. Looking at the downside, the short-term technical bias remains bullish as long as the current support at EUR 69.30-70.38 is not undercut by the daily close. Below that, however, a closing of the price gap at EUR 66.56 or even a renewed test of the low at EUR 57.94 should be planned for.