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
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...
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...