Are buyers or sellers in control? We'll know very quickly within the next few days - if we use magenta strong controlled selling to build liquidity and then gap up above purple tapered, we'll know bulls are. However, if blue tapered controlled buying (the algorithm that has built liquidity for the bears over and over again prior to massive drops) holds price, we...
We expected this move and were prepared for it! But this thing still has legs for further move up as we see from the past and proven by this week's strong movement!
Happy Trading :)
My analysis on PDD Holdings and what I am seeing in the charts. Huge potential for a large gap up and breakout.
Stay tuned as I'll continue to cover this as price develops.
Happy Trading!
This is for learning purposes.
As you can see PDD formed a triangle. After downward breakdown, it tried to retest the same level it broke from and got rejected. That rejection could have been a great puts play.
Anticipating PDD Holdings Inc.'s imminent earnings report, I'm adopting a bullish stance, buoyed by the company's recent performance and heightened market enthusiasm. With PDD's robust marketing campaign for the Temu app in the US, I believe there's a potent catalyst for positive earnings results. My strategy is twofold, involving meticulous observation of the...
Introduction:
This trading idea is based on a Long-Only strategy that utilizes the Dynamic Movement Index (DMI), supplemented by the Average Directional Index (ADX) and an Average True Range (ATR)-based Trailing Stop-Loss.
Strategy Overview:
Main Indicators: DMI, ADX, ATR
Time Frame : Variable, based on the DMI length (Default: 14 days)
Objective: To...
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement to fill the fair value gap at $126.71 next, given the over-extended bullish price action recently.
Price played out nicely as analyzed last week, giving us a -5.39% move to the downside. From here, I'm expecting a continuation to the downside to fill the fair value gap at 126.71 next.
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement into the fair value gap at 126.71, given that price is in an extreme premium level. A bearish retracement is highly probable.
Price consolidated since my last analysis. No changes to my original expectations, I'm expecting price to make a bearish retracement from here, given that price is on the extreme premium level in the current PD array.
NASDAQ:PDD is showing bearish divergence in the RSI after a consistent upward movement in a considerably bullish trend. The RSI is weakening showing less momentum. Additionally the oscillators such as stochastic and MACD are flashing sell signals.
I suspect NASDAQ:PDD will have a slight correction down over the coming weeks to fill the gap on the Nov 27th,...
Price did not play out as analyzed last week after filling the FVG at 116.74. Right now, there is a huge FVG created on the last earning release. Right now, price is on the extreme premium, and I'm expecting a bearish retracement into the FVG at 126.71 next.
its climbing back above bullish trend support, but we still need to clear 110 level before it takes off in my opinion..
looking for rally to 129-146 once I get confirmation. 🎯
boost/like and follow for more.. thanks 💚
I see two scenario playing out for a long term bullish trade.
Bias: Bullish
Why: Neckline breakout of inverted head & shoulders with a positive earning gap.
Scenario A: Price action is currently showing a bullish flag after the huge earnings gap up. We can see price retrace to test the end of the gap. With a high possibility of bouncing and breaking the bull...
If history repeats itself, this chart is doing what it did in 2020.
I see NASDAQ:PDD is increasing in the EPS 4.8% in 2022 and the forecast is an 18.52% EPS growth in the next 5 years. This company is earning $4.47 per share at the moment.
The market cap is at193B and the enterprise value is at159B which shows me they have more cash than debt. Going into a...
