Linde plc (LIN) stock declined in its latest intraday trading, remaining below the 447.52$ resistance level which represents the 50% Fibonacci retracement of the last short-term upward wave (from 408.65$ to 486.38$). The stock continues to move under the influence of a short-term corrective downtrend, with negative signals appearing on the relative strength indicators after the stock had previously absorbed its oversold condition, further amplifying the surrounding bearish pressure.

Therefore, we expect the stock to decline in upcoming trading sessions as long as it remains below the 447.52$ level, targeting the first support area at 438.35$, which represents the 61.8% Fibonacci retracement of the same correction levels.

Todays stock forecast: Bearish.