[24] DECK, GDDY, UBER
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Sixth of the week! Let’s review a few more names:
Deckers Outdoor Corporation (NYSE: DECK)
DECK came back into the 81-83 support level and the long-term support trendline before bouncing and breaking out of its short-term resistance trendline. It's also sitting above the Fib level at 113.65.
If 113.65 holds, DECK can see upside continuation into the 127-133 half-yearly imbalance.
Otherwise, it could drop back into the yearly level at 108.65.
If the long-term support trendline is breached, DECK could head back into its prior highs at 75.
GoDaddy Inc. (NYSE: GDDY)
GDDY rejected off its 2.618 Fib level at 188.41 and has corrected all the way into its yearly imbalance at 88.32. It also retested its long-term support trendline at the same time.
If GDDY holds this 88.32 yearly level, it can bounce back into the shorter-term resistance trendline and the 99.90 level from below.
Otherwise, if GDDY breaks below 88.32 and below the support trendline, it could push down into the 2018 prior ATH at 84.97. Lower supports are indicated accordingly should GDDY break lower.
Uber Technologies, Inc. (NYSE: UBER)
UBER has been trading in an ascending channel for the past few years. It rejected off the 1.618 Fib level at 95.16 and channel resistance towards the end of last year.
Since then, it's been correcting back into channel support and the 69.68 weekly level.
If this level is broken, UBER likely sees a structural breakdown that will cumulate in a retest of the 2021 prior ATH at 64.05. A further breakdown below this level could result in a retest of the major half-yearly imbalance at 57.22.
Otherwise, if UBER holds channel support, it could push back into the daily red resistance trendline.
UBER has to break out above the trendline for a shot at retesting the 82-85 quarterly resistance from below.
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$Deckers Outdoor(DECK)$ $GoDaddy(GDDY)$ $Uber(UBER)$ $NVIDIA(NVDA)$ $Apple(AAPL)$
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