Automatic Data Processing Trading Analysis (27/01/2023)
#ADP
The trend is ascending. Bears tested the mirror level at 223.50. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;
Stop-Loss: under the local minimum of the downward structure (223.50);
Target price levels: 160.50; 165.90.
