Watch the Rectangle on EQIX closely. Trade with professional charting tools.
Sideways movement between parallel supports.
Bearish continuation pattern.
A clear signal has emerged for Equinix (EQIX) on the daily chart. The stock is trading at $1008.02, down 2.59% on the day. Price action has carved out a classic Descending Triangle. Volume is strong (1.37x avg) with moderate trend strength (12.5). A potential breakout level is identified at $993.81, targeting $863.62 with support near $1104.99 (R:R 1.17).
What is your outlook on EQIX?