AKim
Long

LinkedIn (LNKD) Rebound Signal

NYSE:LNKD   LINKEDIN CORP
37 2 1
Since the middle of September 2013, LinkedIn's stock price has trended downward based on the prediction of a decelerating growth rate due to the market saturation in North America and Europe.

One month ago, the price has rebounded from the support line (191.70) which coincides with the blue trend line marked by previous peaks and troughs. These lines also coincide with the midpoint of Fibonacci retracement drawn from the major breakout point on February 2013 to 52-week high price point on September 2013. As a result, these lines together form a strong support level.

Prior to the rebound, the volume peaked, suggesting the complete exit of pessimists. This event is followed by a consolidation above the support line accompanied by reductions in volumes. Furthermore, CCI reversed from the distribution trend and is heading upward.

From a fundamental standpoint, I agree with the saturation in the regions, however, I believe the international expansion will accelerate to keep the momentum .
FrancisKim
2 years ago
Great idea.
Reply
AKim FrancisKim
2 years ago
Thank you, Francis. :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out