Automatic Data Processing Trading Analysis (14/06/2024)

The trend is up. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. The Stochastic Oscillator signals the oversold state.

Trading idea:

Buy when the formation of the upward wave structure starts, where the wave A breaches the sloping channel of the downtrend truncated structure

Stop-loss at 242.50.

Price targets at 249.20 and 253.00.

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