Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Shares of LinkedIn ended Thursday’s trading slightly higher by (0.02 point) or (0.01%) of the previous closure, with in the fluctuation inside the resistance zone between 191.50 and 183.00 for the long periods, where the price faced during yesterday trades the SMAs resistance that pushed it to the intraday decline.
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, as the continuation of the short-term bullish movement requires the stability above this support in order to target 190.55 resistance evel, considering that trading back below the mentioned support will push the price to try to target the support level of 187.85.