Groupe ADP may fall to 105.60 - 108.40

Our pivot point is at 125.4.

Our preference

As long as 125.4 is resistance look for 108.4.

Alternative scenario

Above 125.4, look for 130.5 and 133.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 119.065 and 120.23).

Supports and resistances

133.4 **

130.5 *

125.4 **

123.3

117.3 (EUR-last)

111.3

108.4 **

105.6 *

102.7 **

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