PDD trade opportunityPinduoduo Inc. is a Chinese online retailer with a focus on the traditional agriculture industry. It's an e-commerce platform that connects farmers with consumers directly. The company is the flagship product of PDD Holdings, which also owns Temu. It generated RMB 2.44 trillion gross merchandise value in 2021.
9PDA trade ideas
PDD - Cup and handle pattern (feedback requested)I am a price action trader. However, I am training my eyes to look for other patterns. This might be the first time I noticed a cup and handle pattern on my own. So I did a bit of research to understand it. I do have a couple of questions for experienced community members (Please see at the end).
A basic requirement for this pattern (or for any kind of impulsive move), you must have good fundamentals.
The Chinese companies listed on US have had some good fundamental news in the last 2 weeks, even though there are some concerns for China's economy.
07/12 - AI new regulatory information for AI
07/12 - BABA to build advanced computing center (A.I)
07/11 - China unwinds tech crackdown
07/10 - China Deflation Fears Overshadow Hopes of Easing Regulation
I followed a guide to cup and handle pattern that was published here on trading view
I have a couple of clarifications:
1. Does the U shape need to have a 1/3 retracement of prior bullish trend? Please elaborate on exceptions.
2. Does the uptrend of the U shape have to be contained within the cup? If you look at PDD, the rounding is outside of the cup diagram.
Thoughts?
$PDD - The Appeal 🔥 NASDAQ:PDD appealing setup - remaining subdued throughout the day, setting the stage for a potentially stronger push. If it surpasses $82.83, we can expect a move towards $84, followed by a possible pullback before attempting to test the 61.8% retracement level at $88.45 (gap fill). PDD's showing promise with the recent distribution of $697 million USD in deep discounts to generate consumer demand. The extended rally is also fueled by China stimulus hopes ( NYSE:BABA , NASDAQ:JD and major Chinese tickers are witnessing the same effect).
PDD | Finally Oversold | Accumulate LONGPDD Holdings Inc. operates as a commerce company. It owns and operates a portfolio of businesses, including Pinduoduo, a social commerce platform primarily for agriculture in China; and Temu, an online marketplace. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
A Comprehensive Guide to Picking Winning StocksHello,
Investing in the stock market can be a profitable endeavour if approached with the right strategies. Picking winning stocks requires a thorough analysis of various factors, including understanding the company, assessing the market environment, evaluating opportunities and threats, identifying company weaknesses, and setting realistic targets. Today we aim to provide a step-by-step guide on how to effectively select stocks that have the potential to generate favorable returns.
Understand what the company does:
Before investing in a stock, it is crucial to have a clear understanding of the company's business model, products or services, and its competitive advantages. Analysing financial statements, annual reports, and researching the company's history and industry can provide insights into its operations, revenue streams, and potential for growth.
Look at its stock price trend:
Evaluating the stock price trend is essential to identify patterns and potential entry or exit points. Technical analysis tools such as moving averages, support and resistance levels, and chart patterns can assist in identifying trends, price reversals, and market sentiment. Combining technical analysis with fundamental analysis provides a more comprehensive view of the stock's potential.
Understand the market environment:
Assessing the overall market environment is crucial as it can significantly impact stock performance. Factors such as economic indicators, industry trends, interest rates, and geopolitical events should be considered. A bull market generally favors overall stock performance, while a bear market presents more challenges. It is important to align investment decisions with the prevailing market conditions.
Understand the opportunities ahead:
Identifying potential growth opportunities is vital to selecting winning stocks. Researching industry trends, technological advancements, new product launches, or expansion plans can provide insights into a company's growth prospects. Additionally, evaluating the company's competitive positioning and its ability to capitalize on emerging opportunities can help assess its long-term potential.
Understand the threats:
Identifying potential threats or risks is equally important in picking winning stocks. This involves analyzing factors such as competitive landscape, regulatory changes, disruptive technologies, and potential challenges the company may face. Evaluating a company's risk management strategies and its ability to adapt to changing market conditions is crucial in assessing its resilience.
Discover company weaknesses:
Conducting a thorough analysis of a company's financials, including its balance sheet, income statement, and cash flow statement, can reveal weaknesses and areas of concern. High debt levels, declining revenues, or low-profit margins may indicate underlying issues. Additionally, analyzing key performance indicators, management quality, and corporate governance can provide valuable insights into a company's overall health.
Set the target for the company stock:
Setting a realistic target price for the company's stock helps determine its investment potential. This involves evaluating the company's historical valuation metrics, such as price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio, in comparison to its industry peers. Consider both short-term and long-term factors, such as earnings growth projections and market sentiment, while setting a target price.
Decide whether it is a good company to buy or not:
After evaluating all the above factors, it is essential to make an informed decision on whether to buy the stock. Consider the company's fundamental strengths, growth prospects, competitive advantages, and valuation metrics. It is advisable to diversify the investment portfolio and not rely solely on one stock. Consulting with a financial advisor or conducting further research can provide additional perspectives before making a final investment decision.
I wish you the best in your investment journey!
Info about the company PDD Holdings can be interrogated here investor.pddholdings.com
Long PDD more than 40% upside
NASDAQ:PDD Is corrected from initial shoot up, after it broke from Stage 1 into Stage 2. It's is currently trading at the support. If earnings are good, it will rally back to the high it made in last quarter.
40-50% upside from here.
It's the best stock right now in our Portfolio 2023.
NYSE:BABA is also looking very good at this level
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.
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.
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.
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!
PDD is following Up-Trending ChannelAfter following long-term down-trending channel, PDD has now taken successful reversal.
It is now:
1. Following an up-trending channel
2. Has completed Golden cross (50 MA crossed above 200 MA)
3. Has support of positivity in Chinese market
4. Has support of improving financial performance
Have any questions? Please feel free to ask in the comments.
Refer my previous article to know more about PDD.
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.