Bullish Diamond Pattern on GDDY

5 Jan 2023

Not 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.