AEX approaching support, potential bounce! AEX is approaching our first support at 500.92 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 521.87 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
Aexshort
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop! AEX Index (EURONEXT:AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop! AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
AEX approaching resistance, potential drop!AEX is approaching our first resistance at 516.29 (horizontal pullback resistance, 23.6% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our first support at 492 (100% Fibonacci extension ).
RSI (34) and ichimoku cloud is also facing bearish pressure where we might see a corresponding drop in price.
AEX is approaching support, potential bounce! AEX is approaching our first support at 506 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our first resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and we might see a corresponding bounce in price should it bounce off this level.
AEX approaching support, potential bounce! AEX is approaching our first support at 511 where a strong bounce might occur above this level pushing price up to our major resistance at 533 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence and we might see a corresponding rise in price should it bounce off this level.
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AEX approaching support, potential bounce! AEX is approaching our first support at 517.10 (horizontal swing low support, 61.8%, 100% Fibonacci extension ) and a strong bounce might occur above this level pushing price up to our major resistance at 552.37 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
AEX approaching support, potential bounce! AEX is approaching our first support at 517.10 (horizontal swing low support, 61.8%, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 533.25 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and approaching support where a bounce off this level might see a corresponding rise in price.
Adyen pennant forming, ugly IPOBrand 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 institutional investors at the time of subscription. They had to sign a contract which states that they want to hold the shares for several years. Only a small part of the shares can be freely traded (<15%). The price can therefore go up but also go down quickly.
If I were a value investor I would definitely not trade this stock because of the low free float. I think that private investors, in particular, are now pushing up the price and will get trapped with expensive shares.
Disclaimer: this reading is intended to explain the risks and high valuation involved with this stock. This is absolutely no investment advice.
General information: Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Adyen has more than 5,000 customers and is listed on the stock exchange Euronext.
Another EUROPE stock market that's going bearishAEX is running out of steam and created a zone of rejection at the all time highs. Price is now likely to go down.
What might potentially happen:
- Price goes down to 540 area and bounce back
- Prices goes down to 540 area and break further down towards the 500-510 area.