Linde may rise to 457.00 - 465.00

Our pivot point is at 417.

Our preference

Short term rebound towards 457.

Alternative scenario

The downside breakout of 417 would call for 404 and 396.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 435.8755 and 451.3192).

Supports and resistances

473 **

465 *

457 **

449

429.69 (USD-last)

423

417 **

404 *

396 **

Number of asterisks represents the strength of support and resistance levels.