Groupe ADP may rise to 131.80 - 133.80

Our pivot point is at 120.5.

Our preference

Rise towards 131.8.

Alternative scenario

The downside breakout of 120.5 would call for 117.3 and 115.4.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under its 20 day moving average (124.405) but above its 50 day moving average (123.622).

Supports and resistances

135.7 **

133.8 *

131.8 **

129.9

124.3 (EUR-last)

121.8

120.5 **

117.3 *

115.4 **

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