The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Market participants tracking GoDaddy should note the latest formation. Currently at $81.67, the asset is showing upward momentum (1.13%). The primary technical feature is a Diamond formation. The trend indicator is reading 2.3/100, suggesting moderate momentum. A potential breakout level is identified at $73.06, targeting $51.82 with support near $83.68 (R:R 2.0).
What is your outlook on GDDY?