Nov. 13 at 1:06 AM
$EQIX is currently trading at
$822.61, exhibiting a neutral RSI of 47.82, indicating a lack of strong momentum in either direction. The price is above the 30-day moving average (MA30) of
$815.02 and the 50-day moving average (MA50) of
$802.43, suggesting a potential bullish bias. However, with the recent 60-day high at
$853.83 and low at
$751.29, the stock is within a defined range, which may limit volatility.
Suggested entry point is at
$825, slightly above the last close, to capture potential upward momentum. Set a stop loss at
$810 to manage risk, below the MA30 and recent support levels. For targets, aim for
$840 (near the 60D high) and
$855 (a psychological resistance level). This plan leverages the current technical indicators while adhering to risk management principles.
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