Linde PLC Stock Code LIN.NYS
Outlook
Price reached a high of $304.64 on 1 June 2021 and price went into a corrective decline since that high. The first decline managed to stay inside the cloud, keeping the uptrend intact. The second decline fell below the cloud but managed to stay above the previous low. In the previous trading session, price broke about the Ichimoku reversal’s high confirming a reversal in progress. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish with both lines moving higher and away from the zero line. We think price is likely to move higher to the upper trend channel at $311.90 in the next 2-3 weeks.
Strategy
$298.60 Buy
$311.90 Price Target
$290.40 Risk Management Stop
3 weeks Trade Duration
