#PDD inverted head & shouldersCan this #chinese listed stock climb?
#pdd displaying an inverted head & shoulders
Neckline 72.00
Overhead Objective 120
P1DD34 trade ideas
$PDD Excellent Volume Pattern$PDD not in a confirmed stage 2 uptrend.
But looks as good as it can get.
Volume pattern is excellent.
$PDD looks promising for more upsideFrom Dec. you can see a bottoming formation on the daily chart, and price is back above the yellow line now. 20sma is sloped upward while price has taken a breather and brought RSI down to retest 50. RSI closed below 50 on 21Sep. If today it is back at/over 50 after market close, then today's candle is a signal for another leg up. In order for this RSI 50-test to trigger calls, the stock has to trade over today's high on Friday, 23Sep.
There is an unfilled gap ~54.70, moving back down to the 200sma. I would exit swing calls if the stock does not move higher in the next day or two because this trade idea is based on a continuation move higher.
US Stock In Play: $PDD$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
ICT Approach To Stocks. PDD Ticker ✨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?
$PDD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PDD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
PDD - will it breakup soon?PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's see!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
ABC BullishEarnings 8-29 BMO.
Channel up.
Possible stop below C or where you see support.
Long entry is a clear break above the BC trendline.
No recommendation.
EPS (FWD)
1.98
PE (FWD)
26.92
Short Interest
2.96%
Market Cap
$67.28B
Announce Date
08/29/2022 (Pre-Market)
EPS Normalized Estimate
$0.42/Last quarter .44/beat
EPS GAAP Estimate
$0.31/Last quarter .27/beat
Revenue Estimate
$3.45B/last quarter 3.55 Billion/beat
EPS Revisions (Last 90 Days)*
up-4 down-2
PDD ShortBounce back to supply Zone, Zone Confirmation
Trendline break
Earning: 8/25/2022 Est. 0.42
Short 62.5
Stop 73
Target 50, 35
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$PDD Short term Trade OutlookAm extremely selective in picking stocks and $PDD can be a potential mover. $88 is next target. If the stock rollovers to $47, I will be out.
PDD - Completed H&S Pattern 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
$PDD Breakout #Stocks #Fintwit$PDD Breakout 🚀 in 1h Chart and reclaim of vwap on above average volume - Target 73.8$ 🧲
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Consolidation Phase in Uptrend ✅
3. Breakout on above average Volume✅
#PDD $PDD lovely break from 14 month downtrend 🥶Shorts are getting burned on the china plays, and we love to see that ! ;)
watching for break past 70-71 for continuation.. after that we can target 96.69-133.43-170.17
6/26/22 PDDPinduoduo 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 90c
Trade price as of publish date: $3.85/contract, $4.50/contract
Long China Short USUnpopular, unpatriotic title, but the chart doesn’t lie. China tech overall has been basing and looking to break out of the long term downtrend while US tech has struggled. PDD has higher beta than its Chinese peers and I am looking to hedge with shorting the de-facto US e-commerce play, Amazon. Although it would be a more apples to apples comparison to pick a more niche US e-commerce stock, like an Etsy or EBay, shorting one of those would provide more volatility and increase risk. Relative performance between PDD and AMZN is making a textbook cup and handle formation. PDD itself is also making a cup and handle formation, tightening around the level 65, a level of previous resistance and support. AMZN has an unfilled gap in the 130s and previous high around 125 as heavy short term levels of resistance. Long PDD, short AMZN.
WATCH $PDDBullish
Fundamental
- Funds accumulating
- Good earning
- Positive P/FCF
- Positive PEG
- Positive PE
- Undervalued
TA
- Price out of woods
- Broke away from downtrend line
- Price above POC = everyone who bought at that level are making money
- Price resting at major S/R
- Momentum out of the woods turning positive
* falling wedge = momentum of price free fall decreases over time
Chinese flag/pennant breakout. PGJ and Chinese plays are the only strong ones it seems.
PDD looking solid.
Looking for breakout and PT levels as shown.
Stop = LOD.
Pinduoduo USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
$PDD #Breakout Target 75$$PDD Breakout in 1h Chart on above average volume after consolidation phase - Target 75$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
PDD - Adam & Eve (bullish)Broke above neckline on strong volume on yesterday. Expect furthe upside in the coming days with target of around 80. Initial Stop loss @ 47.95 and trail stops up when trade goes our way.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Pinduoduo USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
