Automatic Data Processing, Inc. (NASDAQ) Analysis, Chart, and Trading Idea


The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the breach of 217.00;

Stop-loss: 210.00;

Target price levels: 226.50, 245.80.

Author: GC
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