ADP: Potential Triangle Potential Triangle
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ADPR34 trade ideas
Buy if we break 153 with Volume at the opening of the marketTarget 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
AUTOMATIC DATA PROCESSING - IDEA!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 tech stocks have, but i believe it will recover and the big bullish candle on the weekly chart indicates bullish momentum on the stock.
I will personally wait for a small retracement to 145.00 usd before i take a position.
My target will be 190.00 usd
ADP - 4.64% Profit Potential - Bearish PennantThis 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 is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month attempt to run. Medium level of confirmation of the new resistance on the 5-min chart.
- 3-month Downtrend
- RSI + Stoch below 50
- MACD below Signal
Target Entry $137.25
Target Stop Loss $138.99
Target Exit $130.54
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
ADP: Descending Triangle, ConfirmedDescending Triangle, confirmed
Pros
Descending volume
PPS below 50MA and 200MA
250RSI below 50
200MA descending
ATR descending
Cons
R/R ratio under 5
Targets:
PT1 = 139,91 (Filled)
PT2 = 132,91 (Filled)
PT3 = 122,55
Bonus PT4 = 112,48
Bonus PT5 = 103,29
Automatic Data Processing (ADP) short.All description on the chart.
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ADP - AUTOMATIC DATA PROCESSING07/16/2020 $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
Projection on ADP:
ADP is trading is the middle of the projection.
Overall the stock is trading in the bullish form after a continuous fall.
ADP PutWe got into a short on NASDAQ:ADP .
140 is our next major support.
Breaking that would mean we'll add to our position and will ride to 135-130 range.
ADP - 8/21 @150cWe 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
BUY AUTOMATIC DATA PROCESSING Hey guys, AUTOMATIC DATA PROCESSING has made a big upward momentum, high purchase volume possibility of reversal to come sellers could regain control.
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ADP(US) buy for C wave upI have already uploaded this idea two days back for buying for ADP. Now it's going up as exactly what i thought about. Next week market is slightly bullish to range bound. So it will probably work as i thought.
ADP(US) seems started C wav up after flat B wave. A wave can be seen clear 5 wave from bottom. Buy at 137 level with stops below 133.10 and target zone above 155. I am expecting the market will be range bound for next 5 days
SHORT Short by put option to weekly level support $44SHORT Short by put option to weekly level support $44
Where to buy ADPHealthy balance sheet.
I do not hold positions in this investments. No recommendations are made one way or the other. If you're an investor, you'd want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.
ADP Buyback BoostADP buybacks are supporting the stock, and often driving price upward. The stock remains in a trading range long-term.
Weekly Long Idea10/Jan/2020 09:59 AM AUTHOR: Brandon Gum
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I like the idea. 3% stop loss to below the recent daily range.
I think this could breakout. However if it fails I could also see some W shaped price action form.
I gotta study structure more to get better at understanding what could play out.
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