Groupe ADP may fall to 103.90 - 106.80

Our pivot point is at 122.8.

Our preference

The downside prevails as long as 122.8 is resistance.

Alternative scenario

The upside breakout of 122.8 would call for 127.7 and 130.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 118.87 and 120.054).

Supports and resistances

130.7 **

127.7 *

122.8 **

120.8

115.5 (EUR-last)

109.7

106.8 **

103.9 *

101.1 **

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