Stocks

Equinix may rise to 901.00 - 924.00

2024-08-17

Our pivot point is at 791.

Our preference

The upside prevails as long as 791 is support.

Alternative scenario

Below 791, expect 753 and 730.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 800.0785 and 781.3886).

Supports and resistances

947 **

924 *

901 **

878

828.66 (USD-last)

806

791 **

753 *

730 **

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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