GDDY trade ideas
Bullish Diamond Pattern on GDDYNot that GDDY has a ton of volume but we are seeing a bullish diamond pattern emerging. As you can see there was a bearish rising wedge which broke down. It has been in a bullish bottom diamond pattern since that break down. If we weren't in such a weird macro environment it would be a foregone conclusion, or at least a hopeful conclusion, that GDDY would hit $100 or around that target at some point this year. Only time will tell but we can trade accordingly if things change with the macro environment.
GDDY LONGGDDY 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 get the company to improve its performance. Shares of GoDaddy are up more than 4% in premarket trading.
GDDY SHORT - BTO GDDY PUTS $80 5/21/21 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 | Sideways Consolidation Breakout $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! 👍🏽