GoDaddy stock (NYSE:GDDY) is our second top-performing and recommended
stock. This market has been extremely volatile in recent times, but it is now
trending upwards in a predictable manner.
4 EMAs are used for this analysis, and they are EMAs 10, 20,
50, and 200. The color that stands for each EMA is shown at the top left part
of the chart. Price dipped sharply in the beginning of August 2016 and then
swung upwards. Price remains volatile in the near-term, but a bullish bias has
already formed.
All the 4 EMAs are currently sloping upwards, while price is
above the EMA 50. There can be dips into the EMAs 20 and 50, owing to the
current volatility in the market, but price would eventually go upwards from
here.
The bullish outlook on GoDaddy would be valid as long as
price does not cross the EMA 200 to the downside.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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