Equinix may fall to 631.00 - 660.00

Our pivot point is at 796.

Our preference

The downside prevails as long as 796 is resistance.

Alternative scenario

The upside breakout of 796 would call for 845 and 874.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 773.967 and 760.1904).

Supports and resistances

874 **

845 *

796 **

777

753.39 (USD-last)

689

660 **

631 *

602 **

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