stefitch
Short

Bat pattern and ABCD confluence

BATS:LNKD   LINKEDIN CORP
60 0 0
I'm mainly a technical trader and as such I have been keeping an eye on this developing BAT pattern over the last week or so. There is a potential reversal zone coming up at the 230.49 area. This also ties in well with the D point termination on the ABCD that started on the 29th. This has a projection slightly lower than the BAT but gives a good back up to the predominant harmonic pattern . With the recent issues from other "social media sites" recently it wouldn't be a surprise to see a bit of a retracement at the D point.
UPDATE> With poor figures released there was a large drop in the shares but this will more than likely bring in significant buyers thinking they're getting in cheaply on what they believe to be part of the great social media revolution. I would expect to see shares recover at least 50% of the opening gap if not all over the next couple of weeks.
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