(News Bulletin 247) – A clearly asserted bullish dynamic on ADP shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ADP share makes it possible to identify an upward trend in the short term as well as in the medium term since the concentration of 4 candles in long white at the turn of October 2023. In terms of indicators of trend, the 50-day moving average (in orange) acts as support for prices. And this precisely since November 3.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ADP stock in the short term.
Active investors will take a buying position on ADP shares at a price of €128,400 with a target of €144,400 in their sights. They will protect their capital by placing a stop at €118,700.
News Bulletin 247 advice
DAILY DATA CHART
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