Linde may rise to 460.00 - 467.00

Our pivot point is at 422.

Our preference

Short term rebound towards 460.

Alternative scenario

The downside breakout of 422 would call for 409 and 402.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands above its 20 day moving average (433.491) but below its 50 day moving average (448.6426).

Supports and resistances

475 **

467 *

460 **

452

434.79 (USD-last)

427

422 **

409 *

402 **

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