Technical outlook – Using the many tools among the technical stock analysts, the Moving Average Convergence Divergence (MACD), which is a trend-following momentum indicator, shows the relationship between two moving averages of prices.
Combining the MACD signal with the share price, we can often determine when the next bullish breakout may be pending.
Therefore, we anticipate an upward move for Link Administration Holdings Limited (LNK) to a potential target of $6.21 is imminent.
Company Overview – Link Administration Holdings Limited (LNK) is a technology-enabled provider of outsourced administration services for superannuation fund administration, corporate markets and related value-added services including data management analytics, digital communication and stake-holder education and advice. The business has three key divisions: Fund Administration, Corporate Markets and Information, Digital & Data Services (IDDS).