Groupe ADP may rise to 136.20 - 138.70

Our pivot point stands at 123.4.

Our preference

The upside prevails as long as 123.4 is support.

Alternative scenario

The downside breakout of 123.4 would call for 119.4 and 116.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 122.725 and 123.548).

Supports and resistances

141.2 **

138.7 *

136.2 **

133.7

127.8 (EUR-last)

125.1

123.4 **

119.4 *

116.8 **

Number of asterisks represents the strength of support and resistance levels.