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
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