Groupe ADP may rise to 124.00 - 127.50

Our pivot point is at 105.7.

Our preference

Short term rebound towards 124.

Alternative scenario

The downside breakout of 105.7 would call for 100.2 and 96.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 113.05 and 115.212).

Supports and resistances

130.9 **

127.5 *

124 **

120.7

110.2 (EUR-last)

107.8

105.7 **

100.2 *

96.9 **

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