Nov. 14 at 3:00 AM
$EQIX is currently trading at
$786.54, below its 30-day moving average (MA30) of
$816.74 and 50-day moving average (MA50) of
$803.8, indicating a bearish trend. The RSI of 34.76 suggests that the stock is nearing oversold conditions, which may lead to a potential reversal or bounce in price. The 60-day high of
$853.83 and low of
$751.29 establish a trading range, with current prices closer to the lower end, providing a potential buying opportunity if a reversal occurs.
Suggested entry is at
$790, slightly above the last close to confirm upward momentum. Set a stop loss at
$770 to manage risk, allowing for a downside buffer. Target 1 is
$815, near the MA30, and Target 2 is
$840, which is a significant resistance level based on the recent high.
Monitor RSI for signs of recovery and price action for confirmation of the trade.
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