Linde may rise to 460.00 - 468.00

Our pivot point stands at 419.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 419 would call for 405 and 397.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day moving average (432.2235) but under its 50 day moving average (442.083).

Supports and resistances

476 **

468 *

460 **

452

435.08 (USD-last)

424

419 **

405 *

397 **

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