We expected this move and were prepared for it! But this thing still has legs for further move up as we see from the past and proven by this week's strong movement! Happy Trading :)
My analysis on PDD Holdings and what I am seeing in the charts. Huge potential for a large gap up and breakout. Stay tuned as I'll continue to cover this as price develops. Happy Trading!
This is for learning purposes. As you can see PDD formed a triangle. After downward breakdown, it tried to retest the same level it broke from and got rejected. That rejection could have been a great puts play.
PDD should take support between 74 and 76, which is a fantastic opportunity. The chart indicates the levels.
Anticipating PDD Holdings Inc.'s imminent earnings report, I'm adopting a bullish stance, buoyed by the company's recent performance and heightened market enthusiasm. With PDD's robust marketing campaign for the Temu app in the US, I believe there's a potent catalyst for positive earnings results. My strategy is twofold, involving meticulous observation of the...
Introduction: This trading idea is based on a Long-Only strategy that utilizes the Dynamic Movement Index (DMI), supplemented by the Average Directional Index (ADX) and an Average True Range (ATR)-based Trailing Stop-Loss. Strategy Overview: Main Indicators: DMI, ADX, ATR Time Frame : Variable, based on the DMI length (Default: 14 days) Objective: To...
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement to fill the fair value gap at $126.71 next, given the over-extended bullish price action recently.
Price played out nicely as analyzed last week, giving us a -5.39% move to the downside. From here, I'm expecting a continuation to the downside to fill the fair value gap at 126.71 next.
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement into the fair value gap at 126.71, given that price is in an extreme premium level. A bearish retracement is highly probable.
Been super busy and will post updates as I get a chance
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting price to make a bearish retracement from here, given that price is on the extreme premium level in the current PD array.
NASDAQ:PDD is showing bearish divergence in the RSI after a consistent upward movement in a considerably bullish trend. The RSI is weakening showing less momentum. Additionally the oscillators such as stochastic and MACD are flashing sell signals. I suspect NASDAQ:PDD will have a slight correction down over the coming weeks to fill the gap on the Nov 27th,...
Price did not play out as analyzed last week after filling the FVG at 116.74. Right now, there is a huge FVG created on the last earning release. Right now, price is on the extreme premium, and I'm expecting a bearish retracement into the FVG at 126.71 next.
its climbing back above bullish trend support, but we still need to clear 110 level before it takes off in my opinion.. looking for rally to 129-146 once I get confirmation. 🎯 boost/like and follow for more.. thanks 💚
I see two scenario playing out for a long term bullish trade. Bias: Bullish Why: Neckline breakout of inverted head & shoulders with a positive earning gap. Scenario A: Price action is currently showing a bullish flag after the huge earnings gap up. We can see price retrace to test the end of the gap. With a high possibility of bouncing and breaking the bull...
Looks like it may hit 240 next year April time but for now a retest to 129 looks more probable
If history repeats itself, this chart is doing what it did in 2020. I see NASDAQ:PDD is increasing in the EPS 4.8% in 2022 and the forecast is an 18.52% EPS growth in the next 5 years. This company is earning $4.47 per share at the moment. The market cap is at193B and the enterprise value is at159B which shows me they have more cash than debt. Going into a...
NASDAQ:PDD is soaring higher after a blowout third-quarter earnings report. Let’s take a look at Pinduoduo’s largest shareholders: 1. Sequoia Capital: 48.23 million shares. Sequoia acquired 45.04 million shares during Q3. 2. Baillie Gifford: 35.66 million shares. Baillie acquired 4.5 million shares during Q3. 3. BlackRock: 27.87 million shares. BlackRock...