Stocks

Equinix may rise to 867.00 - 884.00

2024-08-04

776 is our pivot point.

Our preference

The upside prevails as long as 776 is support.

Alternative scenario

The downside breakout of 776 would call for 748 and 731.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 789.7885 and 772.0234).

Supports and resistances

901 **

884 *

867 **

849

806.65 (USD-last)

787

776 **

748 *

731 **

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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