Stock Technical indicators to notice in ADP (ADP.PA)
1- Last bearish trend was from 64.65 $ (4/12/2012) to 60.59 $ (4/23/2012) a 4.06 $ move 2- The current bullish trend started from 60.59 $ at 4/23/2012 and is currently trading at 63.11 $.
4- ADP.PA current resistance level is at 64.65 which is the 100.00 % fibonacci retracement of the last 4.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ADP (ADP.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 60.590 .
ADP (ADP.PA) Mid term stock chart patterns for internet stock trading :
None.
ADP (ADP.PA) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 59.220 and 66.900 that was broken up at 55.890 transforming into a supporting line.
Stock Trading Conclusion:
ADP (ADP.PA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 64.65, 65.75, 67.16.
Stock Support levels : 63.10, 62.62, 62.52, 62.15, 62.14, 61.85, 61.55, 61.55, 60.73, 60.59,.
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