Linde (LIN) shares continued their upward momentum in intraday trading, building on recent gains as the stock rides a corrective wave higher. The bullish move comes as LIN trades firmly alongside its ascending trend line, demonstrating consistent buying pressure.
The breakout gained further credibility as the stock cleared its 50-day moving average, neutralizing a key resistance level. Technical conditions improved after the Stochastic oscillator reset from overbought territory, now showing positive signals that suggest room for additional upside.
With the stock successfully shaking off previous resistance, traders are watching to see if LIN can maintain its momentum. The next test comes at the $458 resistance level, with a decisive break above potentially opening the door to further gains. The technical setup remains constructive as long as the stock holds above its newly established support at the 50-day SMA.
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