Nov. 14 at 3:36 AM
$GDDY is currently trading at
$131.07, with an RSI of 50.31 indicating a neutral momentum. The price is below the 30-day moving average (MA30) of
$132.13 and significantly below the 50-day moving average (MA50) of
$136.62, suggesting a bearish bias in the short to medium term. The recent high of
$150.47 and low of
$125.00 over the last 60 days further highlight the potential for volatility within this range.
For a trade plan, consider entering a short position below
$130.00, with a stop loss set at
$133.00 to manage risk. Target 1 can be set at
$126.00, aligning with the 60D low, while Target 2 can be aimed at
$125.00 for a more conservative exit. This strategy capitalizes on the current bearish indicators and the established high-low range.
For further insights, visit https://privateprofiteers.com.
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