PDD trade ideas
$PDD approaching to the top of consolidation zoneApproaching to the top of the consolidation zone here..
the smart money flow suggests that the break out is coming.. can't say when.. but it is likely going to break out hard
PDD breakout PDD is holding the trendline very well and has formed a very nice pennant the last couple weeks. It looks like PDD is going to breakout in the next couple days. PDD held the fib on Friday's close and is likely to breakout Monday or Tuesday.
$PDDEntry price : 140.04
Fundamentals :
- Sector: Retail - Internet
- EPS % Chg (Last Qtr): 125%
- EPS % Chg (Previous Qtr): 80%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 99%
- Sales % Chg (Previous Qtr): 63%
- 3-Year Sales Growth Rate: 242%
- Annual Pre -Tax Margin: -14.7%
Thanks you all for supporting a sweatshop selling counterfeits 1 employee died because of sudden cardiac death and 1 another employee jumped off the building after going home. 1 employee got fired because he spoke out after he witnessed that employee's sudden death. 300+ minimum work hours per month for software engineers. Counterfeits are sold everywhere. It's basically the early stage of Alibaba with more extremes. Who cares about ethics when stonks can only go up, right?
Pinduoduo Inc 2021 PredictionE-commerce in China statistics:
Revenue in the eCommerce market is projected to reach US$1,260,539m in 2021.
Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 6.7%, resulting in a projected market volume of US$1,635,804m by 2025.
The market's largest segment is Fashion with a projected market volume of US$330,633m in 2021.
Competes with Alibaba a bigger but in my opinion less social E-commerce giant.
Pinduoduo found room in e-commerce, not as a competitor to search-based websites like JD, but as a new e-commerce platform focused on interactive and social shopping experiences online. Social shopping may seem like a new concept, but the reality is that in the physical world, shopping is meant to be “interactive and fun”
Final Thoughts: China is experiencing a large volume of growth in the fashion market. This is heavily influenced by social factors. Potentially making PDD a better fit than BABA.
$PDD Rising Wedge ReversalRising wedge formation on PDD. Potential for scalp on the pattern upside or watch for confirmation of breakdown/reversal for shorts.
PDD, Chinese stock Delisted fear playPDD went on an incredible run was week with a few other Chinese stock because of Euro/ Chinese trade deal. On New year's eve NYSE delisted a few Chinese stocks. This might be a nice Fear play.
1st target is channel top
2nd target green support line
go Long on PindoodooWith Alibaba and the other Large Cap tech giants in China coming under heavy scrutiny and anti-trust regulation opens up the door for PDD to take off and assume a lot of market share. Tencent and BABA tower over PDD which is only a Mid Cap company. Taking into account the law of large numbers, a mid cap company has much more Alpha potential albeit with slightly more beta.
20 day MA just broke through the 50 day MA on the news and I expect this trend to continue as the story plays out. China wants to fight the giants to make room for the little guys; well here's a medium sized company that you don't have to worry about its business plan failing altogether.
Pinduoduo, or Pindoodoo as I like to call them, are integrated in almost every facet of life in China either in the forefront or behind the scenes. Go long! #LongandStrong
PDD price divergence with its RSI(NASDAQ: PDD), had announced recently that a global institutional investor will purchase through a private placement close to US$500 million of newly issued Class A ordinary shares of the Company, representing approximately 0.3% of the Company's post-issuance total outstanding share. But according to the technical analysis a pull back has been expected.
$PDD Pinduoduo Inc targets 🎯🎯🎯
Potential Trade setup developing.
Very much dependent on market strength and
a change of fortunes for Chinese heavyweight BABA
as its inclusion in so many ETFS is holding back others.
Alert set for move above $150 for potential entry.
targets as per resistance levels.
Caution as on the daily chart there is some bearish divergences.
$PDD - watch out for bag holders There will be a lot of resistance for folks holding $147 and $150 area.
There is a play up to both these levels, but be careful for the resistance.
pinduoduo, disrupting online shoppingNow with lockdowns tightening on our western societies we can expect a surge in stonks related to e-commerce. With non-essential shops having to physically close, they are open for online business.. PinDuoDuo fulls the missing gap of consumer 2 manufacturer commerce for small and medium businesses. Keywords to research are social commerce, mobile commerce, Influencer marketing and consumer driven manufacturing.
tl;dr: money.cnn.com
