ADP has been in a nice uptrend from Covid bottom. My bet is that it will bounce from bottom trend line and target is ATH. SL just below previous bottom and will trigger for reversal of trend. R/R ratio: 3,62
The PEAD projected a Bullish outlook for $ADP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
ADP broke uptrend on weekly, returning for confirmation of downtrend. Risk/reward in the red zone is very good.
Goals 193, 179, 170. Invalidation at 244. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
The PEAD projected a Bullish outlook for $ADP after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Strong Stock making a pullback off of high volume profile and a double bottom, with an oversold RSI and IBS
Note: I last mentioned this around late October 2021. Since then it's gone up and consolidated while the rest of the market was turning down. This shows institutional support technically and it's also doing really well fundamentally. * Amazing earnings quarter over quarter * Incredibly strong long term up trend * High 3-month relative strength of 2.64 in the...
$ADP - Calls > 230.5 | Puts < 228 - Bull pennant formed - Weekly Outside bar - Holding weekly 10 ema - Weekly Levels posted in chart
* Exceptional earnings * Very strong up trend * High RS in the Industrials sector * Breaking out of a ~12 week well rounded base * Picking up on volume
Multiple buy signals on ADP. Long from here. SL TBC. 82% win rate, profit factor of 17:1.
1D closed > 179.89 I am expecting long impulse. Scenario will be cancelled, if 1D close < 179.89
Options trading that price will not go above and hold above $178-180
ADP is looking really good here. Not a big stop loss and a lot of potential. If its inside the pennant in the morning, I'll be jumping in.