PDD formed a head and shoulder patter in the past few months. it broke the neck line ($133.88) on 24/3/2021.
Today just retested the same neck line but failed to break out. Right now would be a good point for short position.
Target price is at $60.8 but pay attention to the red line. It could be act as support.
Ascending triangle with resistance at 71.84 blue line and higher lows with red trendline as support.
Target price: $92.51
Trade idea
3 buying opportunity
1. buy when price bounce at red line showing support, and stop loss below red line at $57.84
2. buy when price cross blue line at $71.84, and stop loss below blue line at around $67 or below red line
3. buy...
