paulyberndt
Long

LNKD LONG WEEKLY

NYSE:LNKD   LINKEDIN CORP
159 1 4
LNKD             is setting up for a long on the weekly chart
True it is still bearish however I suspect there are
buyers sitting underneath price here. It is above the cloud and has been
heavily sold. The Chikou red line is still above price showing me that the trend
has not been broken. The Flat SPAN A projected out 26 weeks ahead shows
sideways action and support. Moreover the stochastics is oversold and price has
reacted well when a cross occurs. No long setup yet but I am watching price now
I was a bit hasty and took on a long, but holding on. 200 - 201 or the cloud itself could see price bounce off.
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