PDD Target $255PDD Holdings have a Cup and Handle formation.
EPS and Revenue growing nicely.
Expecting it to make new highs in coming quarters.
Target $255.
Key stats
About PDD Holdings Inc.
Sector
Industry
Headquarters
Dublin
Website
ISIN
BRP1DDBDR004
FIGI
BBG00XX9K892
PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. The company was founded by Hua Lin Cai and Zheng Huang in 2015 and is headquartered in Dublin, Ireland.
PDD - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
PDD, 3/22-5/2, 9.5% ProfitOn 3/20/2024, Pinduoduo (PDD) reported earnings of $2.39 per share on revenue of $12.52 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $1.58 per share on revenue of $11.99 billion.
LONG PDD - Nice breakout today... Falling Wedge Pattern!PDD has a nice breakout today... Falling Wedge Pattern!
PDD - What we need to see to sustain a bullish biasHolding yellow support will be key here until we activate a stronger purple to break out of orange.
Video says it all
Stay tuned for further updates
Happy Trading :)
- TraderDaddyOG
PDD - Updated Analysis and Bullish OutlookIt has been a while ride on PDD this past month!
Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels.
We have activated a stronger buying continuation channel bu
PDD - Update and what we need to see to continue upwardWe are looking for a confirmed activation of our buying continuation - that could be yellow HTF acting as support but ideally we will need to activate something stronger like purple or on the LTF green/blue.
Happy Trading :)
PDD on the weekly. Much needed bullish outlookVideo says it all. Another PDD special for my special viewers.
Take care, trade cautiously, and
Happy Trading :)
PDD Holdings Options Ahead of EarningsIf you haven`t bought PDD before the previous earnings:
Then analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $10
PDD - Updated analysis as we keep on droppingStill very much like this longterm. I'm not a fundamental trader but it seems as though all the fundamentals line up - so will be looking for us to get picked up by a stronger buying continuation algorithm. Ideally magenta.
Happy Trading :)
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