Adyen's stock price experienced a significant drop.
ADYEN plunged about 18% the past 24 hours. This decline followed the release of the company's half-year results, which revealed slower revenue growth and a lowered full-year outlook
Looking at the stock technically, I see that it is trading in an ascending channel. The market dropped to as low as €1,160 in the past 24 hours, but it has recovered and is currently at €1,300 zone.
I expect the market to move from here, and my first take profit target is around 1,330. The second take profit target is at €1,880.
It's currently trading in an ascending channel and has come back to hit the channel support.
As usual, my target is mid to long term.
I look forward to connecting with you.
Please, like, share, follow me and share your thoughts in the comment section
ADYEN plunged about 18% the past 24 hours. This decline followed the release of the company's half-year results, which revealed slower revenue growth and a lowered full-year outlook
Looking at the stock technically, I see that it is trading in an ascending channel. The market dropped to as low as €1,160 in the past 24 hours, but it has recovered and is currently at €1,300 zone.
I expect the market to move from here, and my first take profit target is around 1,330. The second take profit target is at €1,880.
It's currently trading in an ascending channel and has come back to hit the channel support.
As usual, my target is mid to long term.
I look forward to connecting with you.
Please, like, share, follow me and share your thoughts in the comment section
Note
We are in profit already
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.