Technical Pulse: Equinix Inc November 9, 2021 441

Equinix Inc (US: EQIX) rallied after breaking the ascending triangle based on our report dated 31st August. Heavy selling was observed upon reaching our target price 1 at US$883.80. Despite the strong selling, prices rebounded from the key support zone at US$727.48-US$745.82. Further technicals indicate that the bull run should continue:


  1. Monday’s bullish candle was seen rebounding from the immediate support zone at US$766.03-US$774.42 and the 78.6% Fibonacci retracement of the range box of US$743.71-US$887.19.
  2. RSI is shown rebounding from the 40 support line. This action highlights that there is a strong possibility of a mean reversion rebound.
  3. Prices will need to clear the gap resistance zone at US$810.43-US$823.06 to further solidify the bullish upside.



*Expected timeline of the trade is 15 weeks from the date of report issuance.

Notify of
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!