Stocks

Equinix may rise to 921.00 - 935.00

2024-10-09

Our pivot point is at 852.

Our preference

As long as 852 is support look for 921.

Alternative scenario

The downside breakout of 852 would call for 829 and 815.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (876.6055) but above its 50 day moving average (840.8846).

Supports and resistances

950 **

935 *

921 **

907

872.5 (USD-last)

862

852 **

829 *

815 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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