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 |
|
|
293 |
|
|
290 |
|
|
287 |
|
|
247 |
|
|
244 |
|
|
241 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
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