This was a $150 stock the entire time. I was loading up on this while it was undervalued in the low $100's. I still believe we have room to push toward the $200's with positive earnings but I would like to see a clean predictive pullback and not rush this. Happy Trading :) - TraderDaddyOG
"PDD has shown a strong bullish formation after a breakout, aiming for a target of $151."
PDD Holdings have a Cup and Handle formation. EPS and Revenue growing nicely. Expecting it to make new highs in coming quarters. Target $255.
On 3/20/2024, Pinduoduo (PDD) reported earnings of $2.39 per share on revenue of $12.52 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $1.58 per share on revenue of $11.99 billion.
PDD has a nice breakout today... Falling Wedge Pattern!
Remain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Holding yellow support will be key here until we activate a stronger purple to break out of orange. Video says it all Stay tuned for further updates Happy Trading :) - TraderDaddyOG
It has been a while ride on PDD this past month! Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels. We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this...
We are looking for a confirmed activation of our buying continuation - that could be yellow HTF acting as support but ideally we will need to activate something stronger like purple or on the LTF green/blue. Happy Trading :)
Video says it all. Another PDD special for my special viewers. Take care, trade cautiously, and Happy Trading :)
If you haven`t bought PDD before the previous earnings: Then analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week, I would consider purchasing the 140usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $10.75. If these options prove to be profitable prior to the earnings...
Still very much like this longterm. I'm not a fundamental trader but it seems as though all the fundamentals line up - so will be looking for us to get picked up by a stronger buying continuation algorithm. Ideally magenta. Happy Trading :)
There is clearly (proven) plenty of room for this to go up. Question is, what was today all about? To be honest, I'm just as confused as you may be especially with the very solid earnings that were reported and future growth outlook. So I'm going to continue to stay away from the fundamentals and leave that to Sir Powell (purple tie, what'd I say about purple...
PDD Holdings ( NASDAQ:PDD ) emerges as a formidable player, surpassing revenue expectations in its fourth-quarter earnings report. The driving force behind this success? Temu, its global platform, which has seen remarkable growth propelled by strategic end-of-year promotions and a surge in demand during China's Singles Day festivities. Robust Growth and Financial...
Reasons for bullish bias: - Price gave LH breakout - Positive Earnings - 0.5 Fib retracement plus support Here are the recommended trading levels: Entry Level(CMP): 130.62 Stop Loss Level: 105.33 Take Profit Level 1: 155.91 Take Profit Level 2: Open
We finally got the breakout we were waiting for on PDD and the makers set us up perfectly for a post-earnings gap up. Happy for everyone who followed along our analysis and held strong on this one. Or maybe even added on the dip like I did. We can expect some resistance at top of yellow here before a retest of white tapered selling and then an attempt to...
Weekly chart Uptrend, Bullish and Strong Bull. PDD form major support and resistant at 50$ interval.. 50, 100, 150, 200 (Rounding Bottom) This week closing with Bullish Harami candle (Bullish Reversal) with higher volume. Banker is weak but overall still control the rally FiFT is turning green this week. Plan : Get ready for BOD (Buy on Dip) signal...
PDD continues to pull back and that is okay. But we do need to see some of our stronger buying continuation algos activate and get to work or else there is plenty more room to the downside. As you can see on this weekly chart, we are in a HTF large selling algo in teal. To break out of this we will need to be activated in our strong yellow/orange buying...