Linde plc’s stock price (LIN) edged slightly lower in latest intraday trading, with negative signals streaming from the Stochastic and ongoing pressure from trading below the 50-day SMA. However, the stock continues to move alongside a short-term upward correctional trend line, and this dip may help it gather positive momentum that could support a potential recovery and relieve the ongoing downside pressure.

 

Therefore we expect the stock to rise in upcoming trading, but only if it first breaches the resistance level of $471.95, targeting the pivotal resistance of $487.50.

 

Today’s price forecast: Bullish