Equinix may fall to 680.00 - 694.00

Our pivot point stands at 772.

Our preference

The downside prevails as long as 772 is resistance.

Alternative scenario

Above 772, look for 795 and 810.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 760.9975 and 754.2096). Finally, Equinix has penetrated its lower daily Bollinger band (747.18).

Supports and resistances

810 **

795 *

772 **

762

742.5 (USD-last)

708

694 **

680 *

666 **

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