ADP has been extremely bearish ever since breaking its (green) trend line. I believe this will continue to head downwards, either touching the top of the rectangle (using the gap as a support) or touching the bottom of the rectangle (completing a gap fill)
I wish you prosperity in all your trades, remember to use proper risk management!
Target 1 : 160
Target 2 : 175
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Hello
I am currently looking to invest in the industrial sector, and i have found Automatic Data Processing Inc (ADP) to be pretty attractive. Fundamentals looks good and it is on a clear uptrend on the weekly chart. On the daily chart price is still trading below the the 200 ma and the company hasn't fully recovered from the COVID 19 crash in march, like the big...
This trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market...
07/16/2020 $ADP
Sentiment Algo uses 'advanced big data analytics'. This stock has potential for a significant increase in volatility . This is not a buy/sell signal
We like NASDAQ:ADP and their charts.
Likewise, as more people head back to work HR demand will pick up as well.
We think they'll continue making higher-highs for a bit.
We bought in last week and double down yesterday and will look to buy dip down to $152
