Reasons for bullish bias:
- Price moving in a Bull trend
- Entry at 0.382 fib level
- No divergence
Here are the recommended trading levels:
Entry Level(Buy limit): 446.17
Stop Loss Level: 408.96
Take Profit Level 1: 483.38
Take Profit Level 2: Open
In my view, it is a pullback to a broken level and its been finished.
There is a bullish candle as a trigger for entry to buying position. As always, find a good SL and then get decision for entry.
hi Traders
LIN looks very strong.
The price broke the horizontal resistance and is making new all time highs.
However, buying now may be a risky play as the pullback is likely.
If you want to buy LIN, the best strategy would be to wait for a retest of the horizontal support and play the trend continuation to the upside.
Selling/taking profit at the upsloping...
The stock is working in a larger inclining channel pattern - supporting a bullish underlying trend.
Furthermore, a complex Eliott wave count is busy unfolding (see the red A, B, C, D and E).
Eventual upside to 333 and 346 seems likely.
Stop-loss at 288.
Key resistance at 314 and key suppport at 271.
Technical rating: medium
My trading idea for #LINDE - Buy/LONG
Target: 292.00 EUR (+6% profit)
Linde PLC produces industrial gases which are afterwards used in various sectors such as the energy sector, steel production, chemical processing, environmental protection or medical therapies.
On 14.07.2022, an unusually large long position appeared in publicly available options trades. It...
The stock has had a strong graphical expansion, and is currently in a very well set up bullish channel. We have identified two entry points that could be interesting if a financial event or recession occurs. The P/E is on very tight levels and the dividend at current prices is not attractive. We await a correction for a possible entry.
key points to have in mind:
1- Weekly bearish shooting star candle
2 - H3 time frame have completed 3black crows pattern
3- H3 indicating MACD crossover
4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
Hello,
Linde make a very good three wave correction to the 50% Fibonacci ( upper yellow line ).
The wave c is a five wave formation with a RSI-divergence.
May the force be with you
Shorting the end of 5 waves is a great way to put your capital to good use. It has such a high success rate to make profit. These stocks sometimes take over a week to hit targets and others may hit targets within a day. Any questions, please feel free to reach out.
Linde is trading at its neckline. The RSI is signalizing that the H&S will not reach the Max TP of the H&S - perhaps the ema 200 will stop the top-building
