Linde ( LIN) is the world's largest industrial gas company so weakness in its share price may be foreshadowing economic weakness. Let's check out the charts once again. In our last review of LIN back on August 16 we wrote that "Traders should be long LIN from earlier recommendations. Raise stop protection to $280 from $230. The $358 area is our price objective or target." Prices got within $6 of our price target so we hope traders took profits. 
In this daily bar chart of LIN, below, we can see that prices declined from early January to early March. If you did not take profits on strength you were eventually stopped out on the decline. LIN has rallied back above the 50-day and the 200-day moving average but the price movement does not instill confidence with trading volume declining.
The daily On-Balance-Volume (OBV) line is pointed down as is the Moving Average Convergence Divergence (MACD) oscillator.
In this weekly Japanese candlestick chart of LIN, below, we see a mixed picture. Prices broke a two-year uptrend (line not drawn) and broke below the rising 40-week moving average line. Small real bodies and upper shadows on the recent candles suggest a high has been reached. The trading volume does not expand on the rally from 2020 but does in February and March.
The OBV line does show a rise to December despite the flat volume histogram. The MACD oscillator is bearish.
In this daily Point and Figure chart of LIN, below, we can see a potential upside price target of $346.
In this weekly Point and Figure chart of LIN, below, we can see a possible downside price target of $203.
Bottom line strategy: The charts and indicators of LIN are giving me pause as they cause be foreshadowing/forecasting a slowing economy. Avoid the long side.
