LIN.DE rises to highest close since March 12th
Linde AG (LIN.DE) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 5th day in a row, LIN.DE finished Thursday at 184.25 gaining €1.25 (0.68%). Today's closing price of 184.25 marks the highest close since March 12th. Closing above Wednesday's high at 183.00, the market confirms its breakout through the previous session's high having traded €2.25 above it intraday.
Daily Candlestick Chart (LIN.DE as at Jun 14, 2018):
Thursday's trading range was €3.75 (2.05%), that's slightly above last trading month's daily average range of €3.47. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.
Prices are trading close to the key resistance level at 185.50.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Further buying might move prices higher should the market test May's nearby high at 185.50.