LinkedIn concludes the trades flat - analysis 21-10-2016

Shares of LinkedIn ended Thursday’s trading flat (0.0 point) or (0.0%) of the previous closure, to trade again above 190.55 level again falling from 192.00 resistance,  comes after trading below 192.00 level ahead the support level of 190.55, to take the needed support and rise again facing 192.00 resistance, also after passing the previous resistance zone between   192.00 and 183.00 for the long periods, where the price faced during the previous trades the SMAs resistance that pushed it to the intraday decline, then to rise again to pass 190.55 level and finally passing 192.00 resistance.

And with observing the price it shows the formation of a new bottom around 189.20, which the price reflected during Friday trades from it to continue the rise reaching 192.00 resistance.

Generally; the price was able to trade back above 190.55 level, as holding above this level will lead the price to retest again 192.00 level, but trading below 190.55 will push down the price ahead 189.20 support.