Equinix Trading Analysis (25/04/2025)
The trend is descending. The stock is traded in the range between 365 and 135 ЕМАs. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the formation of the descending wave structure begins, when the A-wave breaches the sloping channel of the upward truncated structure.
- Stop-loss at 823.10.
- Price targets at 780.00 and 730.00.
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