PDD shortHSI Index currently getting hammered. Crazy week ahead; FOMC & Quadwitchy
Possible test 28-25 this week.
#Mogul
Good luck to everyone !!
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9PDA trade ideas
nice breakout today as expected 💸pdd saw 88% bullish flow last Friday and it was in the millions, so todays move doesn't surprise me!
There is top trendline resistance but considering all the flow I think it will break above this in the near future
short term price targets are 73.09-85.8-98.51
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Piinduoduo Analysis 10.01.2022Hello Traders,
welcome to this free and educational analysis.
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📌🦤🦤 Update: $PDD Weekly$PDD is one of (if not) my favorite charts and companies for 2022. Growth in digital commerce/advertising, unique product and deep discount given China turmoil. Weekly bullish divergence ...
Jan ‘23 $100C 💡
$BABA $KWEB $ASHR $SPY $QQQ #Pinduoduo #China #Stocks #Options #Trading
PDD (PINDUODUO) WILL MAKE NEW LOW BEFOR GOING UPPDD (Pinduoduo) will make a new low around $46 to finish correction and after that, I will most likely go further upside, this is the mid-term view.
Short Term - most likely we can go for a new low directly as a preferred count and an alternative count is we can see a small bounce and after that, we will go for a new low.
Black line is preferred and red line is a alternative.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#PDD #PINDUODUO #ELLIOTTWAVE
Head and ShouldersVery large Head and shoulders to a while back. Price has broken that neckline a while back as well.
Appears price has been just hanging around but in an overall downtrend.
2nd head and shoulders/ugly top formed and has broken neckline of that pattern to the downside.
If I were to short it, I would put my stop above 92.
No recommendation
$PDD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PDD after a Negative Under reaction following its earnings release placing the stock in drift D.
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PDD post earningsYellow line - Primary trendline
White line - H&S target
H&S on the weekly...
Outside of its bollingerbands on weekly and daily so we could see a retest of that H&S neckline around 73-74$ Before heading lower to either 55$ (Primary trend) or 30$ H&S neckline. I know 30$ seems ridiculous but if I would have told you back in January that this would be 60$ before EOY you'd probably unfollow me 😉
Disregard price action today , think long termI see reaction of many stocks in Q3 ER were weird.
Pull back is the gift for shopper.
This Black Friday , You can buy high growth stock like China e-commerce => Pinduoduo
The fastest growing player who steal market share of JD and Alibaba for couple years.
This quarter is guaranteed that the company turn to profitable for 2 consecutive quarters.
With less spending of marketing expense , company is still growing at rate 55% YoY ( excluding 1P merchandise sales )
While Alibaba growth / JD growth were decline to rate ~ 25%
Pinduoduo occupies market share of tier 3-4-5 cities in China. Expect Xi’s common prosperity raise GDP of poor population in lower tier cities faster than urban.
5Years pictures !!!
Long runway here !
Holdddddd