Equinix may fall to 709.00 - 723.00

Our pivot point is at 799.

Our preference

Under pressure below 799.

Alternative scenario

Above 799, look for 824 and 839.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 780.9265 and 772.8862).

Supports and resistances

839 **

824 *

799 **

790

772.43 (USD-last)

738

723 **

709 *

694 **

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