LIN has been quietly grinding higher since that November washout to the low 410s. If you map out the last several months of price action, you can see a pretty clear uptrend emerge from the December base. Each dip keeps getting bought, and since January the higher lows have been stacking up. That breakout move in early February where it ripped through 470 and held was a strong confirmation that buyers are firmly in control now, not just opportunistic bargain hunters. Recently, we've been consolidating a bit below 500, but the longer it churns up here without breaking down, the more constructive it looks for a sustained leg up.
From a technical perspective, the 200-day average is sloping up and the stock is now well above it. Momentum is healthy, with RSI staying out of overbought territory even as price makes new local highs, which tells me this isn't a blow-off top scenario. Volume spikes on green days over the last couple of months suggest real institutional buying, not just retail FOMO. The last test of the mid-470s acted as a springboard right back to current levels, implying strong demand on every pullback.
The main risk is that if LIN fails to hold above 485 490 and slips back into that late-2025 range, the uptrend gets called into question. An ugly macro headline could easily cause a fake breakdown, so I'd want to see confirmation before sizing up. But if the trend holds, the chart is setting up for a move to 584.60 over the next 10 weeks, especially with the next earnings report serving as a solid catalyst for a breakout above this resistance zone.