GoDaddy, which has been losing over $250 million per year previously, has gone public almost 2 years ago. Since then has published profits of 92.6 million in Q4 2017. 3 million in 2018 Q1 and continues to grow revenue between 20-30%. Stock has doubled since IPO. Trendlines have been broken recently, and stock is still making gains. Look for stock to follow in blue trendlines as growth continues.
There is a potential rising wedge, signalling downtrend. RSI slowing, but after Q4 strong statement, would make sense.
Previous downtrends have only gone down to previous fibonacci levels, signalling only minor profit takings. This looks to continue going up longterm.
There is a potential rising wedge, signalling downtrend. RSI slowing, but after Q4 strong statement, would make sense.
Previous downtrends have only gone down to previous fibonacci levels, signalling only minor profit takings. This looks to continue going up longterm.
