LinkedIn Corp (LNKD) is about to get its spine shattered by the Bears, and exposed for the farce that it really is. If there’s one social-media company that is really Fundamentally weak, it would be LNKD. Originally a social network for Professionals, LNKD has turned into a spamming/trolling Job Site, where unemployed people meet more unemployed people to discuss their unemployment status. I give LNKD 3 more years, before it gets punk’d by Wall Street.
LNKD has been consistently making Lower-Highs, which indicates that the Bullish momentum on LNKD is fading and the Bears are coming out of the hiding to unleash their fury.
Here is a Daily chart of LNKD:
Price Target: $200
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