The Entry
The break of $600 a key resistance point as a nice whole number and as the Fibs 0.61 point
ADL has been gradually rising and RSI is nicely at a 53%
Will look to enter 1 hour after London opens today
The R/R so far looks like a 1:1.5 ratio
The Situation
With the close of Oct, money seems to be flowing back in the the markets
Midterms are...
Buyers should come in as ADYEN drops down to ipo range. People who missed the run to 700 will be delighted to see the stock back in the high 400 - low 500 range.
Testing a new method here, I'm trying to predict future resistance areas without price history (new stock). I'm very curious how it's going to play out.
Company Profile:
Adyen is a technology company offering a single integrated platform that facilitates frictionless payments for merchants across channels and geographies.
Source: Cofisem - Last Update: 08 Jun...
Brand new IPO stock EURONEXT:ADYEN is forming a pennant. It can go either way from this point so do only trade it after a breakout. I'm not planning to trade Adyen in the near term because there are big risks involved:
Newly listed stocks can do wild things, so use a tight stop loss.
The free float of this stock is very low. All shares are allocated to...
