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LinkedIn Corporation Message Board

  • jwbprotective jwbprotective Apr 28, 2014 1:45 PM Flag

    Chart shows next support is around $120

    Buying here is suicide

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    • Lol. Dont kow if I would put it so strongly. But LNKD still needs to hit $140. We may see a bounce from there unless it pushes on through. Then, the weekly shows a target of $127.5.
      On the daily, $140 is still in play. After that, if 140 doesnt hold, then there is a straight run down to $127.5 Both the weekly and daily charts have the same S/R. Thats an important point to remember. So, weekly and daily traders will be looking at the exact same thing.
      If we get a bounce from 140, it could go to 155 or 160. Both these are possible. That would give us another excellent shorting opportunity with a close stop above either of those points and make it a low risk play.

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