Hi mates, How you doing?. I would kile to make a technical Analysis of #Lnkd. I think this stock will be interesting to practice some tactics of trading.
Let´s see the Chart.
Suports and resistances:
S1:139.87 S2:125.52 R1:170.88 R2:186.13
During the last week the price broke the downtrend line. Just in the top of the Elliot´s 3rd wave (uptrend serie). NOwadays the stock is developing the 4rd wave.
The MACD seems that will correct soon.
The RSI is at 47% flat, and crossed the 50% level on may 30th.
The stochastic is going down at 58%.
And the DMI show us a flat pattern.
Looking at the nasdaq and the recent macro data I have to recomend to wait. I´m expecting a correction in the market this week, However I have calculated a valid buy range for this stock.
Buy range= [143.30;149.33]
With the nasdaq entering inside a correction I recomend to wait until the price arrives to this points, in order to take a huge profit.
The Actual targets are:
TG1:$166.22 TG2:$170.19
And that´s all. Please remember to click on some ads before you leave this blog. It´s important to maintain it!!!!. Thank you!. :)
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