Price played out nicely as my last analysis, giving us a +20.66% move to the upside. Price is currently on the premium range and has filled the FVG made in July 2021. I'm expecting a bearish retracement from here into the bullish OB at 103.6 since price is on the premium level, and target has been met.
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: long/buyers/positive.
Next Swing: negative swing to support.
Next Wave: buy wave to the range.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Market Capitalization: 152.987B
Release Date:...
🔍 Tight Bull Flag : The price action on PDD's chart has shaped up into a tight bull flag, characterized by a consolidation phase (the flag) following a strong upward move (the pole). This pattern typically suggests that bulls are gathering strength for another rally.
📊 Robust Volume : What's even more promising is the substantial increase in trading volume....
Price played out to my last analysis, giving us a 7.76% move to the downside, but fail to fill the FVG below. Price is consolidating right now, showing bullish momentum. We should see price heading for the highs at 103.60 next.
Price is on a nice uptrend with decent pullbacks. There is a fair value gap at 85.57 waiting to be filled. I'm expecting price to make a nice bearish retracement to fill the fair value gap before continuing the uptrend. Alternatively, price could continue lower into the bullish POI at 82.19 before going higher.
🔹Moving average indicator has provided a POSITIVE signal, indicating a continued upward trend.
🔹Resistance at 104 could potentially trigger a NEGATIVE reaction, but an upward breakthrough of 104 indicates a POSITIVE signal.
🔹Once breakout resistance at 46 is considered a POSITIVE signal.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double...
NASDAQ:PDD has had a great quarterly report despite the slowdown in China as of late, chart wise the setup points to a weekly advance but possibly also a quarterly timeframe trend.
You can see the levels where you can bid on retrace next week, if tested, but I would consider entering long positions right away as well, there's various ways of engaging after a...
Analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $4.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
as we see in the chart , we are near the reversal area .
if it breaks the support at 74.5 ~ -> get out .
potential 30% profit in here .
*Be aware that this week at 25/8 we got Powell speech which may effects the market direction .
Not an financial advisor .
Pinduoduo Inc. is a Chinese online retailer with a focus on the traditional agriculture industry. It's an e-commerce platform that connects farmers with consumers directly. The company is the flagship product of PDD Holdings, which also owns Temu. It generated RMB 2.44 trillion gross merchandise value in 2021.
I am a price action trader. However, I am training my eyes to look for other patterns. This might be the first time I noticed a cup and handle pattern on my own. So I did a bit of research to understand it. I do have a couple of questions for experienced community members (Please see at the end).
A basic requirement for this pattern (or for any kind of...
hello guys...
I wanna publish below this post every us stock that I think they are the growth potential and fundamental reasons!
the first one is PDD or PDD Holdings
possible growth rate: %100
Fair Value Upside: +34.2%
NASDAQ:PDD appealing setup - remaining subdued throughout the day, setting the stage for a potentially stronger push. If it surpasses $82.83, we can expect a move towards $84, followed by a possible pullback before attempting to test the 61.8% retracement level at $88.45 (gap fill). PDD's showing promise with the recent distribution of $697 million USD in deep...
PDD Holdings Inc. operates as a commerce company. It owns and operates a portfolio of businesses, including Pinduoduo, a social commerce platform primarily for agriculture in China; and Temu, an online marketplace. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015...
Hello,
Investing in the stock market can be a profitable endeavour if approached with the right strategies. Picking winning stocks requires a thorough analysis of various factors, including understanding the company, assessing the market environment, evaluating opportunities and threats, identifying company weaknesses, and setting realistic targets. Today we aim...
![PDD: $PDD - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/u/u6m1LwYS_mid.png "$PDD - Rising Trend Channel [MID-TERM]")
