Groupe ADP may rise to 130.10 - 132.90

Our pivot point is at 115.4.

Our preference

The upside prevails as long as 115.4 is support.

Alternative scenario

The downside breakout of 115.4 would call for 110.9 and 108.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 118.94 and 120.538).

Supports and resistances

135.7 **

132.9 *

130.1 **

127.4

121.1 (EUR-last)

117.2

115.4 **

110.9 *

108.2 **

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