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AdamParmer

ADP: Symmytrical triangle signals a continuation of trend

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Automatic Data Processing, Inc. (NASDAQ:ADP)  
AdamParmer  
NASDAQ:ADP   Automatic Data Processing, Inc.
ADP Symmetrical Triangle Moving Average Convergence / Divergence (MACD)
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adp symmetricaltriangle macd
A symmetrical triangle usually leads to a continuation of an old trend. It is characterized by a time of profit taking after a strong run. During this profit taking, there are buyers who see a deal and sellers who see another profit opportunity. This is why volume tends to dip towards the middle of the triangle.

MACD is also giving a strong upwards signal.

Earnings at the beginning of February.

Looks like a good buying point.
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