Groupe ADP may fall to 104.10 - 107.20

Our pivot point is at 125.6.

Our preference

As long as 125.6 is resistance look for 107.2.

Alternative scenario

The upside breakout of 125.6 would call for 131.1 and 134.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading above its 20 day moving average (117.665) but under its 50 day moving average (121.076).

Supports and resistances

134.4 **

131.1 *

125.6 **

123.4

118.2 (EUR-last)

110.5

107.2 **

104.1 *

100.9 **

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