PDD # PDD you go for short and stop trade is red line and target is green area . Thanks
PDD keeps making new all time high recently and 2 weeks later there'll be their earning report. Here we got this huge AB=CD pattern finished @ 60.00, which may make me turn a little bit bearish mindset. At least, no longer would like to long in this spot before the ER, a pullback to 50.00 spot may also be a good long though. Let's see how it goes yo!
Looks like a good risk/reward setup in PDD. Fairly new name that has acted well during the recent volatility.
Pinduoduo rallied great and now is pulling back. Just below the 20SMA and rsi trendline. may back test but needs some time to rest.
This is my setup for shorting PDD, great stock as competitor of Alibaba. It's been 7 weeks straight bulls, I'd take some opportunity on doing a retrace. Sell order @ 52.2
As PDD broke its major downward trendline , a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: - The recent downtrend has been broken with decent volume - The 20ma was broken and held, pulling in moving-average traders off the side-lines - A recent low offers a perfect spot to put a logical...
Busy morning for PPD analysts with multiple upgrades coming into earnings. Goodman Sachs = Buy rating UBS = Buy rating Credit Suisse = Outperform Very bullish as earnings approach, but like every other stock, it will be very difficult to trade in the current market. Will be on the watch-list for the days to come if market can stabilize
Chinese markets are currently taking a hit and PDD happens to be coming off a new all-time high and bearish divergence. Bearish divergence on RSI lead to a new high and eventual price break down. We are currently sitting at the .382 fibonacci retracement level. Similar scenario in previous cycle (2018-2019) where bearish divergence occurred and eventually had...
Set up perfectly to head higher. I hope tests 33.38, pulls back and then heads higher. I would put the trigger price at above yesterday's high of 33.38. I really like this idea if price actions acts as described above. This one could be a great winner!
Shooting star sell-off just broke through the 9-day resistance