Jul. 13 at 2:09 PM
$ADP
Two bullish technical patterns are telling the same story: accumulation after a major base.
Cup & Handle
• Built over several months near yearly lows
• Breakout above the
$237 neckline could open a move toward the
$285 measured target
• Near-term resistance sits around
$267
Inverse Head & Shoulders
• Neckline breakout has already occurred
• Former resistance is now key support
• Pattern target points toward the
$276 zone
The bigger picture:
$ADP has shifted from accumulation into a potential bullish trend phase.
Both patterns suggest buyers are gaining control, but price confirmation and risk management remain key.
