Dec. 19 at 3:26 PM
Actionable Trade Alert for
$EQIX:
Market Context:
$EQIX is currently trading at
$744.08, showing a neutral RSI of 45.95, indicating no immediate overbought or oversold conditions. The stock is below both the 30-day MA of 763.72 and the 50-day MA of 787.23, suggesting bearish pressure in the short term. However, the recent low of
$720.62 provides a potential support level.
Directional Bias: Given the proximity to the 60D low and the neutral RSI, we anticipate a potential rebound towards the 30-day MA, indicating a bullish bias for this trade.
Trade Plan:
- Suggested Entry:
$744.08
- Stop Loss:
$720.00 (3.24% below entry)
- Take Profit Targets:
1.
$770.00 (3.48% gain)
2.
$800.00 (7.52% gain)
3.
$870.00 (16.94% gain)
With a target of
$870.00, this trade offers a potential ROI of 17% or more. Monitor closely for market conditions.
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