The tweet was deleted by the author.
But we saved everything 🙂.
Equinix has agreed to fund major grid upgrades to support a new data center in Georgia, including a new substation and transmission lines as part of a long-term partnership with a regional utility. Shares edge higher on the day, trading at $1,062.
Equinix has entered into a 20-year agreement with CentralGaEMC to enable grid upgrades for its new data center in Hampton, Georgia. The agreement includes the construction of a new substation and two transmission lines. Equinix will fund 100 percent of the cooperative's costs to provide power to the site.
View post on X Loading...
Price is currently sitting right at resistance from the weekly high at $1,064. Shares of Equinix continue to hold above the MA-20, MA-50, and MA-200, which keeps the daily structure bullish. The recent trading has been contained within a narrow range, aligning with the broader constructive chart setup.
Traders should focus on whether shares can close above $1,064 to indicate that buyers are willing to follow through on the recent move. The session opened with a gap up from the previous close of $1,052 to $1,064, and price has since given part of that move back. Even so, for the coming trading week, there is a 70% probability of upside versus a 30% probability of downside, with an expected trading range of $1,035 to $1,089. A close above $1,064 would show acceptance, while a drop below $1,052 would indicate rejection of the move. On the weekly chart the longer-term picture stays firmly constructive.
Earlier, analysts noted that the broader outlook for Equinix shares remained constructive, emphasizing the importance of key technical levels in guiding near-term direction. The latest commitment to infrastructure investment adds a fundamental catalyst that aligns with the prevailing bullish structure, and traders should monitor whether price acceptance above $1,064 leads to expansion beyond the current range.