Groupe ADP may fall to 100.40 - 104.10

Our pivot point stands at 121.6.

Our preference

The downside prevails as long as 121.6 is resistance.

Alternative scenario

The upside breakout of 121.6 would call for 127.9 and 131.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 124.135 and 122.89).

Supports and resistances

131.6 **

127.9 *

121.6 **

119

115.8 (EUR-last)

107.8

104.1 **

100.4 *

96.6 **

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