Groupe ADP may rise to 134.20 - 138.30

Our pivot point stands at 115.1.

Our preference

Short term rebound.

Alternative scenario

Below 115.1, expect 108.4 and 104.3.

Comment

The RSI is above its neutrality area at 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 share stands above its 20 day moving average (117.025) but below its 50 day moving average (121.664).

Supports and resistances

142.4 **

138.3 *

134.2 **

130.2

120.7 (EUR-last)

117.8

115.1 **

108.4 *

104.3 **

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