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PDD HOLDINGS INCPDD HOLDINGS INCPDD HOLDINGS INC

PDD HOLDINGS INC

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PDD/N trade ideas

PDD have to decide about directionPDD is in an interesting position for both bulls and bears. It is currently within a symmetrical triangle, which is more bullish than bearish as it is at the high of the leg. However, the price is currently trading between the 20-day and 50-day moving averages, and at the same levels as the trendline from the symmetrical triangle. Breaking above or below these levels could result in a very strong and impulsive move. For now, the volume is neutral. The RSI, which had previously shown strong bearish divergences, is now cooling down and is almost neutral. The MACD is currently ticking lower, and the lines are close to dropping below the zero line. If the MACD line drops below the zero line, it would be more bearish. Overall: PDD is stuck between moving averages and within a symmetrical triangle. A breakout above the 20-day MA would be a very bullish sign and could trigger a long position. Conversely, a breakout below the symmetrical triangle and the 50-day MA would trigger a short position. The target for both bulls and bears would be the blue dotted line.
NASDAQ:PDD
by Consistent_Trades
PDD Potential for Bullish Continuation| 18th January 2023Looking at the Daily chart , my overall bias for PDD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 74.79, where the 38.2% Fibonacci line is. Stop loss will be at 38.80, where the recent swing low is. Take profit will be at 111.34, where the 50% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:PDDLong
by FXCM
PDD Potential for Bullish Continuation| 18th January 2023Looking at the Daily chart, my overall bias for PDD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 74.79, where the 38.2% Fibonacci line is. Stop loss will be at 38.80, where the recent swing low is. Take profit will be at 111.34, where the 50% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:PDDLong
by Rockqet
PDD - Trade the trendBroke up the neckline on 28 November and a retest near it on 28 December (point C). Looks ready to break above B again soon. Unlike previous steep pullbacks before the breakup of the neckline, this one is shallow (at only 23.6% retracement), a sign that an uptrend momentum is underway. 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!
NASDAQ:PDDLong
by Juliac
9
PDD - Read to Fly? 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 stock seems to have entered advance zone while the key long-term resistance (All Time High) is at 214 USD - a gain of more than 100% possible. REASON 2 - Higher Revenues & Net Income The real fuel is provided by better earnings and further higher expectations in the future. Revenue has grown 23% in TTM while income has swelled 260% in TTM - both are impressive signals of continued growth. Further pedestal is provided by positive expectations of end of lock-down in China which can open-up locked industrial growth. Risk Still caution is needed as markets aren't out of wood.
NASDAQ:PDDLong
by starringinvestors