CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Linde

Market Opportunities - 14/01/2021

14 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Linde WEEKLY uptrend opportunity based On 1.00 Lot Calculation:

  • Linde has recently signed an agreement with Daimler to jointly develop the next generation of hydrogen refueling technology for fuel cell-powered heavy-duty vehicles. The two companies will develop fueling technology based on subcooled liquid hydrogen, which allows for higher on-board capacity, greater range, faster refueling and superior energy efficiency;
  • The company has a global presence in liquid hydrogen storage and distribution system (200 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide) and is at the forefront in the transition to clean (green) hydrogen;
  • President-elect Joe Biden is affirmative for the green agenda questions, and he is set to introduce an aid package worth around 2 trillion dollars, which may provide an overall support for the stock market;
  • Technically, the stock price is in the strong uptrend subject to strong volatility so caution is needed.

Linde, January 14, 2021
Current Price: 267

Linde

Weekly

Trend Direction

UP

Resistance 3

293

Resistance 2

290

Resistance 1

287

Support 1

247

Support 2

244

Support 3

241

Example of calculation based on weekly trend direction for 1.00 Lot*

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Short in $

26,000

23,000

20,000

-20,000

-23,000

-26,000

Profit or loss Short in €**

21,373

18,907

16,440

-16,440

-18,907

-21,373

Profit or loss Short in £**

19,056

16,857

14,658

-14,658

-16,857

-19,056

Profit or loss Short in C$**

32,931

29,132

25,332

-25,332

-29,132

-32,931

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:40 am (GMT) 14/1/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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