LNKD showed relative strength
Yeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%.
But this social network reversed from lows and closed near highs.
I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday.
Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34
But this social network reversed from lows and closed near highs.
I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday.
Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34
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