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$PDD Beijing Biden will push Chi stocks upward
With Alibaba and the other Large Cap tech giants in China coming under heavy scrutiny and anti-trust regulation opens up the door for PDD to take off and assume a lot of market share. Tencent and BABA tower over PDD which is only a Mid Cap company. Taking into account the law of large numbers, a mid cap company has much more Alpha potential albeit with slightly...
$U back to $142 before 180+ in 2021
The high has formed, the bears are about to push it down. remember to sell highs.
PDD has been consolidating since the earning jump. The consolidation is very healthy in that: 1. price is tightening, a ascending triangle and a bullish flag is emerging on the chart; 2. Volumes patterns give me high confidence, up on strong volume while down days are often in low volume. Going forward, there are two key levels to watch: 1. $145, which has been...
set you alerts at Today's high/low. if it breaks with volume , expect it to continue on to the target set on that side of the break. #PDD $PDD
set alerts monday on today's high/low. if it breaks with volume play it to the target in that direction #PDD $PDD
PDD down from 100$ to 72$. Today having a doji candle exactly on previous support line. It might serve as reversal. In addition, RSI is at 30 which indicate oversold. Buy @ 75$ Stop < 72$
PDD will confirm the " Ascending Triangle " pattern at $101. I will Long (Buy) when the price breack out to $101. PDD buy : $101 PDD target : $130 +-2 Stop loss auto : 8% Wish you a good deal!
E-commerce will continue to have strong CAGR as the brick and mortal stores fold under the pressure and the whole world becomes even more digitalized in the future.
21:41:32 (UTC) Sun Aug 2, 2020
PDD closed at upside target for a profit of +35.05%; un-marginalized China Youzan closed at upside target for a profit of +70.48%; un-marginalized Tencent long position, floating +22.58% with stoploss covered and 1/4th profit taken (closed).
One of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here . The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here The last one is ZA Online stock which I recently...