PINDUODUO Inc. (PDD) | Chinese E-commerce Inside a Buying Area!
Hi,
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Technically speaking, the price of PDD has landed inside the possible rejection area. Quite strong criteria matching each other around $81 to $106:
1. Fibo 62%
2. Minor trendline
3. 50% from the ATH
4. Role reversal
5. Round number
Do your own fundamental research and if it looks attractive then you have the technical confirmation from my side to buy it!
Regards,
Vaido
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Technically speaking, the price of PDD has landed inside the possible rejection area. Quite strong criteria matching each other around $81 to $106:
1. Fibo 62%
2. Minor trendline
3. 50% from the ATH
4. Role reversal
5. Round number
Do your own fundamental research and if it looks attractive then you have the technical confirmation from my side to buy it!
Regards,
Vaido
