Adyen's stock price experienced a significant dropAdyen'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.
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