Looks like stock is in uptrend. Withstood some tariff talk, risky but maybe an indicator buyers exist for stock. Fib retracement of nearly 50% on 1st wave. Has previously gotten rejected on 200-day MA and has the possibility to do so again. Still looking like upward trend. Chinese stock so trade tensions hold large risk.
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I wasn't able to get in on the trade. I trade options and position I was shooting for did not go through. If you are in basic price target is at about 26.50. I may look to get in on a pull back if uptrend continues and next aim is to fill the March gap
I'm an options trader as well. Seeing PDD has broken all upside resis. thru 8 ema and supporting on 3 ema trend line now. Also in oversold position based on slow stochastics using 12/3/3 values. Seems over extended with limited upside with earnings being neutral. I see the Mar.
upside
gap @ $29.70 ish. Your thoughts on pullback entry $ ? (Obviously earning beat on 8/21 all bets are off)... Thank you for your prompt response!
fastcars1024
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Would it be possible for you to update your PDD chart circa 8/8/'19 to current? Thank you for your kind consideration!
upside
gap @ $29.70 ish. Your thoughts on pullback entry $ ? (Obviously earning beat on 8/21 all bets are off)... Thank you for your prompt response!