Groupe ADP may fall to 98.90 - 102.20

119.1 is our pivot point.

Our preference

As long as 119.1 is resistance look for 102.2.

Alternative scenario

The upside breakout of 119.1 would call for 124.7 and 128.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the share stands above its 20 day moving average (114.33) but below its 50 day moving average (115.01).

Supports and resistances

128 **

124.7 *

119.1 **

116.9

114.4 (EUR-last)

105.4

102.2 **

98.9 *

95.7 **

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