GDDY trade ideas
$GDDY GoDaddy On Breakout Watchlist
Potential Breakout for GDDY.
Stock has closed at a new All Time High but missed
the momentum to climb higher.
The 7MA has acted as support since July lows so acts as a good stop loss level.
Alert set for Move above $86.00 where volume will be examined.
Potential targets as per chart where there is strong Fibonacci Confluence
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GODADDY Projection DailyHello traders, GODADDY is in a bullish push, strong volume of buying hammer candle shows a rejection of buyers. Despite all these data she still wants to climb great potential in the direction of going to the next higher and pushing to the tip of the shadow. This is part of an important decision area, it corresponds to half of the median.
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GDDY Getting Ready for SQ Type Move..!Looking at the charts side by side...GDDY is set to break a multi-year resistance similar to SQ. Not sure of trajectory, but SQ is at about 280% from March lows...so GDDY has about 200% upside on the break pricing it around $250
It sounds crazy I know...but what is up anymore.
Long $GDDY ($SHOP, $SPY) #small businessessee charts at www.tradingview.com
Entry $68.15
1st Target $70.15
2nd target 72.15
Buy to cover Stoploss $67.15
Why this play?
Popular cloud and website company. Been seeing a lot of marketing for them and I am betting with corona and a lot of people staying home, they may start looking to run websites and small businesses.
What is Gddy?
GoDaddy Inc. designs and develops cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence. In addition, the company provides presence products, such as Websites + Marketing, a mobile-optimized online tool that enables customers to build Websites and online stores; a range of marketing tools and services designed to help businesses acquire and engage customers, as well as search engine optimization that helps customers get their Websites found on search sites; and social media management services. Further, it offers business application products, such as Microsoft Office 365, email accounts, email marketing, and telephony services. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was incorporated in 2014 and is headquartered in Scottsdale, Arizona.
GDDY always closes its GapsGDDY has a history of pumping up with huge gaps on strong earnings for the last 4-5 quarters now. Every time it has shot back down to baseline. This, meeting resistance at a double top, should be no different.
I did short over 100 shares at $82, looking to pick back up at $75 - this stock is a solid one and I will most likely hold it for an extended time.
If it does not hit the gap, peoples fear of the 'looming future' will drive the price back down further, but later on down the road.
GDDY - Bearish Breakout identifiedTaking a look at the chart today, we see a strong bearish breakout on the daily chart. Since price has never broken previous high, we are still technically in a bearish trend, although we are close to breaking it. We have a short term GAP TRADE presenting itself, as well as strong resistance below. These are the areas we will watch for, and you can set short term buys at.
Keep in mind the entire market is crashing, and we may see prices below these two points.
GDDY - New MA Strategy - For Fun - ShortOn 30 Minute chart, I am using mostly the 50 day MA (Green) and 400 day MA (Red), but also have the 5, 8, 13 for intraday etc.
The 200 (purple), 100 (thin red line), and 30 (yellow) can be seen as well.
I have started having fun with a 400 day MA on smaller time frames. When the 50 day crosses over the 400 on a 30 min Scale, I have make each with a price at that time.
I have done this on a couple charts, and it has worked out for the most part.
Just for fun, but anyways - according to this totally untested (other than a couple other charts) method - GDDY is a short until the line crosses back over.
GDDY - RSI not very strong - hit top. Potential reversal. GDDY (short term - short. Long term - this stock is a keeper, Long)
GoDaddy Stock has again came out with strong financials, pushing the stock higher and higher. However, during this weak and fearful economic time, I don't believe this is the time where we will rally north of the all time high. We are currently bouncing off a resistance level, and did not have enough support to rally past it. We may see some return to normal prices before we resume the upward trend. Just my .02cents
The market has been strong lately, but not typical. The leaders of the pack have all been pharmaceuticals, and other atypical industries due to current circumstances.
However, look for breakout pattern to emerge. Market could gain enough steam and break out previous highs.
GDDY hit a long term double top, what's next?GDDY hit around $82, near its preious all time high, and collapsed. Although financials are seemingly strong, indicators are not. The pullback was due to the Market itself having several negative days in a row, causing buyers to have concerns, as well as the news that GDDY is laying off 10% of its employees, despite strong financials.
Currently, the stock is near a very short term double bottom, and a Triple bottom MAY be created. If this occurs, look for prices to hit an all time high, with a newly restored faith in the stock.
However, it is more likely that the stock will continue on it's current trajectory until it reaches a point of higher consolidation.
This stock will end up being a good one to have, look at the past 6 quarterly financials, high EPS, etc. Look for a good buy in, if you do not own yet. Do not short until this stock goes below current double bottom.
Godaddy Inc (GDDY - NYSE) - Impulse wave patternGodaddy Inc (GDDY - NYSE) has completed wave 4th as ABC zigzag correction. It starts moving up in 5th wave. Small correction within 3 min time frame will be good entry to capture impulse cycle, until it retains the invalidation level. In weekly time frame, it is in strong up trend and near to make all time high.
GDDY - Follow up on Support LevelsOn February 1 I charted GDDY bullish movement, topping out at the current pennant long term. That trade was closed, and now we look at the support levels previously drawn. We slightly adjust for the latest high, and we are looking at a potential pivot point at $67.20. If broken, the other levels are drawn out, but I believe it will be a tough resistance level. This is touching now, so expect a minor dip and then a correction upwards.
If you are looking to buy into GDDY, they posted an EPS of .79, and P/E of an incredible 92.