9PDA trade ideas
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!
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Pinduoduo, Inc.(PDD,HOLD)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 also growing18M q/q to751M, after decreasing 8M in 4Q. But mgmt. notes that with the current scale, active buyer growth should inevitably slow down. Revenue, excluding 1P sales, increased39% y/y, accelerating10pts from 4Q,driven by 29% y/y growth of online marketing revenue (vs. +19% in 4Q) and 91% growth of transaction services revenue(vs. +108% in 4Q). 1Q Non-GAAP operating margin was 15.5%, lower than the all-time high of 30.8% in 4Q(note that 4Q profit benefited from a one-off rebate from a cloud service provider, which loweredGOGS and R&D expenses), but improved significantly from (-14.3%)in 1Q:21, primarily due to operating leverage from sales and marketing, while R&D increased modestly.The company reiterates plans to invest in agricultural, primarily in R&Dbut indicates it will take time to identify good projects and financial metrics are not KPIs. As usual, the company does not provide guidance for 2Q, but points out COVID lockdowns in cities including Shanghai, which should weigh on 2Q growth and might incur additional costs. Overall, PDD delivered a solid 1Q, with 3P revenue re-accelerating despite COVID disruptions since late March. However, we expect COVIDlockdowns to have a larger impact onPDD in 2Q given peers have more established logistics networks.
NASDAQ:PDD
Increasing interest in performing Chinese stocksThe 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.
PDD 3/21/22PDD
Easy short trade
Price in existing downtrend
Price entered sideways range between 47-64
Price broke down from this range to start continuation of downtrend.
Price has pulled back to previous support looking to turn it into resistance. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 39.97
Stop loss: 48.78
Target: 19.53, +51.14%, 2.32 RR ratio
PDD Price Target 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.
PDD intraday trade PDD - Pinduoduo
News - Chinese state media report indicating China's financial stability with US regulators.
Levels - $39.7 and $41 are the next major resistance levels.
The stock is gapping up to $37 (pre-market).
The idea is to go long at the open when it will try to test the 36.5 area level and fail.
PDD shortHSI Index currently getting hammered. Crazy week ahead; FOMC & Quadwitchy
Possible test 28-25 this week.
#Mogul
Good luck to everyone !!
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
nice breakout today as expected 💸pdd saw 88% bullish flow last Friday and it was in the millions, so todays move doesn't surprise me!
There is top trendline resistance but considering all the flow I think it will break above this in the near future
short term price targets are 73.09-85.8-98.51
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Piinduoduo Analysis 10.01.2022Hello Traders,
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