NEW YORK – Shares of industrial gas leader Linde PLC (LIN) finished the regular trading session in the red on Friday, but a dramatic and powerful rally in after-hours trading has completely altered the outlook, setting a bullish stage for Monday’s open.
Linde stock officially closed the day at
2.84 (0.62%). However, the action after the bell told a different story. The stock surged
457.80.
Friday’s regular session was dominated by sellers. After opening at $462.49 and hitting a high of $463.24, the stock trended consistently downward, hitting a low of $455.38 and closing very near the bottom of its daily range. A close near the low typically indicates bearish sentiment. However, the after-hours buying pressure represents a significant reversal.
Market Outlook: Will the Market Go Up on Monday?
The most recent price action from the after-hours session provides a strong clue, pointing toward a positive open.
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Powerful After-Hours Reversal: The surge to $457.80 after the market close is the most critical signal. It shows that buyers stepped in aggressively once the regular session ended, suggesting the day’s sell-off was overdone and that positive sentiment is now taking hold.
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Momentum Shift: The weak close was immediately negated by the strong buying that followed. This indicates a clear shift in momentum from sellers to buyers, which is likely to carry over into the next session.
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Key Levels to Watch: The day’s low of
457.80 and the previous day’s close of $458.70 will act as the initial targets for buyers on Monday morning.
While the daily closing price was negative, the strong post-market rally is the key takeaway from Friday’s trading. This powerful reversal is a classic bullish signal. Therefore, there is a high probability that the market for Linde PLC stock will go up on Monday, as it looks to build on the positive momentum from after-hours trading.
Disclaimer: This article is based on the analysis of the provided image and is for informational purposes only. It is not financial advice. Market conditions are subject to change rapidly.
