Groupe ADP may rise to 134.20 - 136.40

Our pivot point stands at 121.7.

Our preference

As long as 121.7 is support look for 134.2.

Alternative scenario

The downside breakout of 121.7 would call for 118.2 and 116.1.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 125.765 and 123.632).

Supports and resistances

138.5 **

136.4 *

134.2 **

132

127.7 (EUR-last)

123

121.7 **

118.2 *

116.1 **

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