BullBear Trading: Stock and Financial Market Technical Analysis

This Is Why GoDaddy Inc $GDDY Bounce At $72.18 Today...

Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock within two weeks.


Gareth Soloway
InTheMoneyStocks

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