PDD longPDD enters strong bullish area on monthly TF.
It is reasonable to follow after best entrance point with small stop and good R:R.
Will be updated later.
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182.39 MXN
143.90 B MXN
593.67 B MXN
1.35 B
About PDD Holdings Inc.
PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. PDD Holdings was founded by Hua Lin Cai and Zheng Huang in 2015 and is headquartered in Dublin, Ireland.
PDD - hyper growth gem Rising wedge was always going to break down. This company has high exposure to the Chinese consumer, which continues to struggle with no end in sight. That is reflected in the stock price of companies like Alibaba which trade at very low valuations. But unlike Alibaba, PDD is a hyper growth stock an
PDD to benefit from China StimulusPDD growing 60%+ this year, 100% LTM, on revenue. $50B+ revenue expected for 2024. Trades at 2-4x NTM revenue which is at least 10 lower than US Tech --- (NVDA 14x for example)
$PDD to 250Cup and handle formation , target 250
PDD is currently oversold so stay cautious
Short term target = 190-195
Expected pullback area in the chart
80% correction for PDD Holdings Inc ??On the above 12 day chart price action has increased 450% since March 2022. A number of reasons now exist for a bearish outlook. They include:
1) Failed support for price action and RSI.
2) Regular bearish divergence, lots of it. Seven oscillators print negative divergence with price action. Look
Pinduoduo making monthly BULLISH ENGULFING SeptemberNASDAQ:PDD
PDD makes at monthly chart since IPO now in Sept the third Bullish Engulfing!
BUT look how big it is this time - HUGE UPSIDE GAIN IS NOW IN THE MAIKING AND IT JUST STARTED ....... MUCH MORE TO COME NOW!
Just look what happened at prior BULLISH ENGULVINGS ...... THIS IS HUGE - HUGE -
PDD LONGAs we see clearly wyckoff accumulation coming to it's end, from here we should see a breakout and uptrending movement !
PDD Noteworthy Swing Support Levels, and a word of cautionLooking at NASDAQ:PDD after its earnings fallout, here are some interesting support levels to watch.
The 0.618 Fibonacci retrace from the March 2022 pivot low to the May pivot high is at $77.25.
Additionally, while Head and Shoulder patterns are not the most reliable, there is a level around $75
PDD, first stop 75$Trend break for PDD stock. No longer higher highs an higher lows, as the wedge broke to the downside.
Next accumulation spot around 75$, maybe even 70$.
8/28/24 - $pdd - mkt full r*tard, buy <$908/28/24 :: VROCKSTAR :: NASDAQ:PDD
mkt full r*tard, buy <$90
- the print **CLEARLY** didn't go as expected. cut losses pre mkt that day and it hurt. dabbled a bit here/ there, but kept feeling the sell OTD (over the day) orders from US institutions.
- with the NASDAQ:SMCI "accounting" issue (p
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Frequently Asked Questions
The current price of PDD/N is 2,380.00 MXN — it has decreased by −5.77% in the past 24 hours. Watch PDD HOLDINGS INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BIVA exchange PDD HOLDINGS INC stocks are traded under the ticker PDD/N.
PDD/N stock has fallen by −1.50% compared to the previous week, the month change is a −15.11% fall, over the last year PDD HOLDINGS INC has showed a 24.02% increase.
We've gathered analysts' opinions on PDD HOLDINGS INC future price: according to them, PDD/N price has a max estimate of 4,639.46 MXN and a min estimate of 2,503.33 MXN. Watch PDD/N chart and read a more detailed PDD HOLDINGS INC stock forecast: see what analysts think of PDD HOLDINGS INC and suggest that you do with its stocks.
PDD/N stock is 7.47% volatile and has beta coefficient of 1.11. Track PDD HOLDINGS INC stock price on the chart and check out the list of the most volatile stocks — is PDD HOLDINGS INC there?
Today PDD HOLDINGS INC has the market capitalization of 3.24 T, it has increased by 1.40% over the last week.
Yes, you can track PDD HOLDINGS INC financials in yearly and quarterly reports right on TradingView.
PDD HOLDINGS INC is going to release the next earnings report on Nov 21, 2024. Keep track of upcoming events with our Earnings Calendar.
PDD/N earnings for the last quarter are 58.64 MXN per share, whereas the estimation was 51.56 MXN resulting in a 13.73% surprise. The estimated earnings for the next quarter are 54.95 MXN per share. See more details about PDD HOLDINGS INC earnings.
PDD HOLDINGS INC revenue for the last quarter amounts to 244.89 B MXN, despite the estimated figure of 252.74 B MXN. In the next quarter, revenue is expected to reach 288.75 B MXN.
PDD/N net income for the last quarter is 81.07 B MXN, while the quarter before that showed 64.55 B MXN of net income which accounts for 25.59% change. Track more PDD HOLDINGS INC financial stats to get the full picture.
No, PDD/N doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Nov 9, 2024, the company has 17.40 K employees. See our rating of the largest employees — is PDD HOLDINGS INC on this list?
Like other stocks, PDD/N shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade PDD HOLDINGS INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So PDD HOLDINGS INC technincal analysis shows the sell today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating PDD HOLDINGS INC stock shows the buy signal. See more of PDD HOLDINGS INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.