Equinix may fall to 705.00 - 716.00

Our pivot point is at 775.

Our preference

Eye 716.

Alternative scenario

The upside breakout of 775 would call for 794 and 806.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is below its 20 day moving average (757.8645) but above its 50 day moving average (755.112).

Supports and resistances

806 **

794 *

775 **

768

756.92 (USD-last)

728

716 **

705 *

694 **

Number of asterisks represents the strength of support and resistance levels.