The tweet was deleted by the author.
But we saved everything 🙂.
Equinix announced expanded connectivity options in several Asia-Pacific markets. Shares edged lower on the day, trading at $979.97.
Equinix said its Fabric platform now offers 100 Gbps Virtual Circuits in Hong Kong, Osaka, Singapore and Tokyo. The company added that 400G ports are also now available in these locations. These new offerings are intended to help organizations scale high-bandwidth connectivity across their digital infrastructure.
View post on X Loading...
RSI at 38.6 is nearing oversold territory, an early indication the recent decline is becoming stretched. Shares of Equinix remain below the MA-20, MA-50, and MA-200, reinforcing a bearish daily structure. The nearest support sits at the weekly low of $964.16, which could become important if selling pressure persists. Even so, price movement has been muted and contained within a narrow range over the past week.
A close above $1,000 would indicate buyers are beginning to follow through, while a drop below $964.16 would show the move is being faded. RSI at 38.6 suggests the decline may be nearing its limits, hinting at some potential for stabilization should conditions persist. Over the next five trading days, the probability of upside is less than 20%, while downside risk stands at more than 80%, with an expected trading range between $947.84 and $1,012. Even so, on the weekly chart the longer-term picture stays constructive.
Earlier, analysts noted that Equinix was experiencing persistent downward momentum, with technical factors indicating elevated downside risk. The latest price action reinforces this assessment, making the $964.16 support level especially important to monitor as sustained selling would threaten a deeper decline in the near term.