Stocks

Equinix may rise to 924.00 - 938.00

2024-10-16

850 is our pivot point.

Our preference

As long as 850 is support look for 924.

Alternative scenario

The downside breakout of 850 would call for 827 and 813.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 877.304 and 849.2414).

Supports and resistances

953 **

938 *

924 **

910

878.03 (USD-last)

859

850 **

827 *

813 **

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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