LinkedIn shares is gaining a bullish momentum - analysis 01-07-2016

Shares of LinkedIn ended Thursday’s trading lower by (-0.34 point) or (-0.18%) of the previous closure, with in the fluctuation inside the resistance zone between 191.50 and 183.00, to keep trading weakly within the current support zone, comes after the price opened this week trades with a bullish gap around the resistance level 191.50, this rise came as a result of buying Microsoft for LinkedIn with 26.2 M$, and generally the price may experience a fluctuation during the upcoming trades around 191.50 resistance.

As in case the price was able to hold above the mentioned resistance it will rise targeting the next resistance 209.00, but in case of trading back below 183.50 it will back to fall targeting the next support at 165.50 initially.

It is recommended to stay natural waiting new signals.