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...
This long term graph exhibits a cup pattern which will form a handle in a conservative estimate of less than a year. The retracement by the handle, using Fibonacci Retracement, is expected to be in the range of 15.60 to 18. The subsequent retracement should be followed by the rally which will break through the red resistance line at 27.14. In addition, MACD...