Groupe ADP may rise to 125.80 - 129.10

Our pivot point is at 110.1.

Our preference

Short term rebound.

Alternative scenario

Below 110.1, expect 104.6 and 101.2.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (114.025) but below its 50 day moving average (115.09).

Supports and resistances

132.5 **

129.1 *

125.8 **

122.5

114.4 (EUR-last)

112.2

110.1 **

104.6 *

101.2 **

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