Yesterday I opened a long position in $ADYEN (+1.59%)
The stock is under the 61,8 % Fibonacci retracement level from its ATH, which aligns with my investment framework and provided an opportunity to initiate a position. Adyen is a fintech and digital payments stock, serving some of the world's largest companies with a unified payment platform. As digital transactions continue to grow globally, I believe companies operating critical payment infrastructure deserve a closer look.
The short-term direction is impossible to predict, but the combination of a deep retracement, a quality business model, and long-term industry tailwinds makes this an interesting opportunity for me.
Looking forward to seeing how this investment performs in the months and years ahead.
#trading
#long
#adyen
#stocks
#fintech
#digitalpayments
#netherlands
#mikeupegui
