DDL is a small cap China name with a well defined bottoming base. If entering early in anticipation of the break of 6.42, the stop could either be tight (below the breakout line) or wide below the 50dma (under 4.50) as a fake-out is in the cards prior to a bigger move:
Breakout here of 4.50 could bring us to retest breakdown around 5-520.
Dingdong (Cayman) Limited operates an e-commerce company in China. It offers vegetables, fresh produce, meat and eggs, fruits, and seafood products, as well as ready-to-eat, ready-to-cook, and ready-to-heat products; and dairy and bakery products, oil and seasonings, prepared meals, rice, noodles and other wheaten products, pre-packaged foods, drinks and liquor,...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Dingdong (Cayman) Ltd is a China-based e-commerce company. The Company offers groceries and other daily necessities directly delivered to users and households. The Company's groceries offerings include fresh produce, meat and seafood and other daily necessities. set stop loss below curve
The popular fresh on-demand e-commerce platform has built its competitive strength in just three years. Dingdong Maicai has maintained a high growth over recent years, achieving the largest GMV and user base in the sector. High fulfillment and marketing costs, increasing competition between top players and a somewhat fragile business model are the main...
On June 29, online groceries e-commerce company Dingdong Maicai (DDL:NYSE) went public in New York after raising USD 96 million in an initial public offering, a dramatic cutback from the original projection of USD 357 million. Dingdong Maicai had initially planned to raise up to USD 357 million by selling 14 million ADSs, priced between USD 23.5 and USD 25.5. But...