Price action is testing daily support after closing a gap Chart pattern is a falling wedge (potential bullish break) RSI divergence at support zone. Entry on a break of $72 ( resistance ) or retest of that level after the break. Target $83 Stop $69.5
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model.
GDDY nicely green for the first day in a bit
Day trade for Tuesday June 15.Technology sector has had a week of strong relative performance. Momentum indicators in full swing, 1 hour charts show bullish candlesticks until close with increasing volume. Stop loss at 83; target price 88.
As markets remain negative, GDDY has a strong probability of keep going down. It has a support level at $83.55 but if we don't see liquidity, it can break the support, looking for the next support of $82 according to Fib retracement. I see a strong support at $77
I would take this risk/reward short setup every day of the week, and twice on Thursdays. Always with a stop loss. Not financial advice.
$GDDY broke out of a sideways consolidation zone and is catching momentum to the upside. Watch for continuation to the target levels. Ideally we get a pullback for better R/R on entries. Let me know what you think in the comments. Please leave a like if you agree with my analysis! 👍🏽
wowsers, it got knocked to the 200 MA But, it held on. My screener says this has rotating interest. If that's true, the price entry here maybe the bottom
Earnings coming up this week..Does look like they miss often.. Not a recommendation
$GDDY Bounced at the trendline structure. Watch for upside continuation.
waiting for a dip should have good earnings companies had to go online
With great earnings report, GDDY came under my radar. E-commerce, online presence will grow exponentially in the coming years. Added over 1 million customers this year. While this growth is not sustainable, many businesses will continue to pivot online. Being at the lower channel at the upward trend channel, it's at a good entry point.
Looking good Targets 2 are longer term and usually occur after a pull back. Target/focus on T1, as a rule, then worry with T2. Not a recommendation