Groupe ADP may rise to 124.50 - 127.10

Our pivot point stands at 112.2.

Our preference

Our next up target stands at 124.5.

Alternative scenario

The downside breakout of 112.2 would call for 108 and 105.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 115.16 and 116.432).

Supports and resistances

129.6 **

127.1 *

124.5 **

122

116.7 (EUR-last)

113.9

112.2 **

108 *

105.5 **

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