Linde may rise to 504.00 - 509.00

Our pivot point is at 474.

Our preference

The upside prevails as long as 474 is support.

Alternative scenario

The downside breakout of 474 would call for 465 and 460.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 475.7425 and 468.885).

Supports and resistances

515 **

509 *

504 **

498

486.45 (USD-last)

478

474 **

465 *

460 **

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