Linde plc presents a nuanced opportunity for traders. The current technical indicators suggest cautious optimism for a long position if support holds, while also offering a clear setup for shorting at resistance levels. Keep an eye on macroeconomic factors and upcoming earnings for further validation of these trends.
Long Position Entry Point: Enter at $435.00 if the stock tests this support level successfully. Stop Loss: Place stop loss at $430.00 to mitigate downside risk. Price Target: Aim for a short-term target of $460.00, with potential to reach $475.00 if bullish momentum strengthens.
Short Position Entry Point: Enter at $446.00 if the stock fails to break this resistance level. Stop Loss: Place stop loss at $450.00 to limit potential losses. Price Target: Initial target at $425.00, with a secondary target of $410.00 if bearish trends prevail.
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