Groupe ADP may fall to 99.70 - 103.40

122 is our pivot point.

Our preference

The downside prevails as long as 122 is resistance.

Alternative scenario

The upside breakout of 122 would call for 128.5 and 132.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 123.195 and 122.65).

Supports and resistances

132.2 **

128.5 *

122 **

119.5

115 (EUR-last)

107.2

103.4 **

99.7 *

95.9 **

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