LinkedIn – Healthy Looking Chart

In LinkedIn (LNKD, $205) I have seen a healthy cluster of Fibonacci timing cycles that came due 3/17 – 3/20 for a possible low.  This just happened to coincide with a test of key price support at the $189.53 – $191.98 area.

cb lnkddaily
We have already seen buy triggers in LNKD and it’s up ~1.4% today.   I want to buy a pullback in this one with the $224.74 area as my initial upside target for the trade.

Strategy:  I’m looking at buying the April (4/17) 205 – 215 call vertical spread for under $4.00, or if you went with the April Extended Weeklys expiring a week later on 4/25, maybe the 205 – 220 vertical spread for less than $4.40.

I will consider myself “wrong” the trade if the 3/17 low is violated.

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Carolyn Boroden

Carolyn Boroden is a commodity trading advisor and technical analyst specializing in Fibonacci analysis. Her unique form of price and time analysis is quickly proving to be one of the most promising trading techniques using Fibonacci available today. Ms. Boroden's first book, Fibonacci Trading: How to Master the Time and Price…