Linde - Long-term trend channel holds --time to buy reached?

Company description

Linde plc is a global company specializing in the provision of industrial gases and engineering services to a wide range of industries. The company was formed in 2018 through the merger of Linde AG and Praxair, Inc. and is headquartered in Guildford, UK. The company has the following business areas:

1. Industrial gases and applications: Linde is one of the world's largest producers and suppliers of industrial gases such as oxygen, nitrogen, argon, carbon dioxide and hydrogen. These gases are used in a wide range of industries and applications, including metalworking, chemicals, food and beverage, electronics, energy and more. Linde also offers technical gases for specialized applications.

2. Plant construction and engineering: In addition to the supply of industrial gases, Linde offers comprehensive engineering and plant construction services. The company designs, builds and operates plants for the production and processing of industrial gases as well as plants for the production of liquefied gas and hydrogen.

3. Healthcare and medicine: Linde is also active in the healthcare sector, offering medical gases, equipment and services to hospitals, clinics, nursing homes and the medical sector. These products support medical applications such as respiratory therapy, anesthesia, emergency medicine and more.

Chart technical outlook

With a strong focus on sustainability and innovation, Linde has positioned itself as a leading provider in the industrial gas industry and strives to meet the needs of its customers worldwide. This demand naturally also has an impact on the company's share price. The stock is currently trading at the lower edge of the long-term uptrend channel. It seems as if buying interest is increasingly emerging again.

There is certainly a possibility that the share price will move upwards again in connection with an improving global economy. On the upside, I have an open price range between 570 and 638 USD, which serves as a long-term target. If the share price slips sustainably below the uptrend line of this trend channel, there is a risk of further losses to at least 400 USD.

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