The PEAD projected a Bearish outlook for $GDDY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
GDDY has a double bottom and has been on the move since. In addition, please see below for the current NEWS on GDDY.
Activist investor Starboard Value LP has acquired a 6.5% stake in web services provider GoDaddy (GDDY) worth approximately $800 million, according to a report Monday in The Wall Street Journal.
The report said Starboard will use its influence to...
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.
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
$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
GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons in January 1997 and is headquartered in Tempe, AZ.
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