DLR

If you're looking down the data center/cloud computing supply chain, DLR, which has META, Oracle and Verizon among it's customers may be a stock to consider. Following a print at 52-week highs in November, the share has since consolidated in a tight range. Here, clearing the downward trend line would trigger a swing buy/long. Buy at current levels or better. As always, if/when the share approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 10 June 2024

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation and interconnection services. As of June 2023, Digital Realty has 300+ facilities in 50+ metros across 25+ countries on six continents.