PDD is ready to fly. Here are some solid reasons: REASON 1 - Accumulation Completed Down since February 2021, this e-commerce platform of China has taken a reversal. Entered accumulation zone in March 2022, now enough buying volumes and positive earnings have pushed it out of the accumulation zone. Breakout has occurred at 73 USD key price level, and so now...
PDD after bottoming after a H&S at the top, createa another inverse H&S & HAS SINCE REACHED THE COMMON NECKLINE AROUND 70, which I think is the market”s FAIR PRICE. Let us wait which direction this will lead to but I AM BIASED LONG. TP is 119 for H&S pattern measured move. Not trading advice
Can this #chinese listed stock climb? #pdd displaying an inverted head & shoulders Neckline 72.00 Overhead Objective 120
$PDD - Consumer Cyclical | Internet Retail | China not a fan of trading china companies but the setup with its high ADR% and RS looks ripped for a BO to 52-weeks high
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 9.94✨ It means if you risk here 100$ you may make 994$ Not bad, huh?
MFI hit overbought last night and several companies announced they are going to delist from the US after their market closed. There is a gap in futures, but China doesn't always fill those. Snagged some PDD puts on the gap fill, and added a few on this pump. Will wait until EOD to decide if to bail or add. Despite the delisting news, Chinese ADRs are melting...
China's tanking again, lol. I guess I should have paid attention to the easy play. Was so hung up on CPI that I forgot all about China even though PDD is near the top of my watch list. Oh well. Can't chase it now. I know there's a lot of bears following me, a lot of time if I feel bearish and the US market is melting up I short a foreign ETF or in this case...
China is probably the hardest market to predict because their govt exerts their will on the market, whether it be up or down. I shorted PDD again today because I think it goes down and retests the bottom next week. We'll see.
PDD has completed a large H&S pattern on this daily timeframe 0.382 has now became an area of support, previously being seen as a point of resistance
Pinduoduo Inc. ( NASDAQ:PDD ) Sector: Retail Trade (Internet Retail) Market Capitalization: $82.667B Current Price: $65.96 Breakout price: $71.40 Buy Zone (Top/Bottom Range): $55.15-$31.65 Price Target: $94.60-$98.60 (1st), $115.40-$119.30 (2nd) Estimated Duration to Target: 60-66d (1st), 120-129d (2nd) Contract of Interest: $PDD 8/19/22 80c, $PDD 10/21/22...
PGJ and Chinese plays are the only strong ones it seems. PDD looking solid. Looking for breakout and PT levels as shown. Stop = LOD.
Strong Marketplace Drives 1Q Beat, butFacingNear Term Challenges Maintain HOLD and$50 PT NASDAQ:PDD We are maintaining our HOLD rating and$50 price target after PDD beat 1Q revenue and profit estimates but implies potential revenue deceleration and a step up in expenses due to COVID. Active buyers reached 882M, adding 13Mq/q, improvingfrom+1M in 4Q, with MAUs...
Meanwhile in China.... HSI overbought Snagged a few PDD puts
The good business results and the removal of the danger of the ban on Chinese stocks report on Pinduoduo the interests of large investors. From the indicator Miracle Viewer it is possible to see as the institutional ones are about to pass long on the title and like the professional investor they are already. I expect the stock price to rise.
Price target for PDD Pinduoduo is $64. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
I believe this process will not end soon, do not try to catch a falling Chinese knife..! Charlie Munger has tried this with BABA and I do not think he is happy with his decision! Consider this: What would happen if China and Taiwan situation escalate..! Best, Dr . Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified...
my thoughts were accurate for the 3 Chinese stocks and now we are waiting for re-entry after the decline. the positions were closed half yesterday and half before yesterday trading day disclaimer
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...