Equinix is neutral

Our pivot point is at 725.

Our preference

Look for a drop towards 725 before a bounce.

Alternative scenario

The downside breakout of 725 would call for 677 and 648.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under its 20 day moving average (769.8065) but above its 50 day moving average (757.0684).

Supports and resistances

919 **

891 *

861 **

833

766.6 (USD-last)

743

725 **

677 *

648 **

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