The following short trades will be moved to the Completed Trades (Short) category as they have either exceed the previous suggested stop (or any reasonable stop, if none suggested) or the technicals no longer warrant remaining short at this time. Several of the Active Short trades still look to offer objective entries or add-ons at [...]
The LNKD (LinkedIn Corp) short trade has hit the third profit target, T3 at 166.30, for a 26.5% gain from entry. Consider booking partial or full profits and/or lowering your stops, depending on your trading plan. T4 at 127.20 remains the final target at this time although the odds of a near-term reaction (bounce or [...]
This video discussed the charts of various social media related stocks (and ETF) discussed in the following order: SOCL, LNKD, SINA, FB, P, ZNGA, YELP, GRPN, YNDX, GOOG, & TWTR.
LNKD hit the first profit target on Nov 7th for a 5.6% gain. The stock has since bounced (as expected) and once again offers an objective short entry on the near-backtest of the uptrend line. Updated daily chart:
The short entry for the LNKD short setup has been revised to the next intraday break below the current LOD of 226.25. As two additional price targets have been added, the target numbers have been resequenced. On the previous LNKD (LinkedIn) short setup posted earlier this month, the entry criteria was posted a break below [...]
LNKD was last posted as an objective short entry back on June 12th while just below an area of intersecting trendline resistance (with the caveat that prices must remain below that level). Unfortunately LNKD went on to break out above the downtrend line (a bullish technical event) shortly thereafter with prices moving higher although within [...]
LNKD is so far (knock on wood) obeying the laws of technical analysis by turning down on the backtest of the uptrend line while simultaneously riding down the downtrend line and still offers an objective short-entry or add-on as long as prices remain below those resistance levels. Just to reiterate, this is a fairly aggressive [...]