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PDD Holdings Inc.PDD Holdings Inc.PDD Holdings Inc.

PDD Holdings Inc.

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PDD trade ideas

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
NASDAQ:PDDLong
by UnknownUnicorn12005085
PDD in healthy consolidation, two scenarios going forwardPDD has been consolidating since the earning jump. The consolidation is very healthy in that: 1. price is tightening, a ascending triangle and a bullish flag is emerging on the chart; 2. Volumes patterns give me high confidence, up on strong volume while down days are often in low volume. Going forward, there are two key levels to watch: 1. $145, which has been a resistance twice. Also note that the controlling volume after earning is right at 145. 2. $116, this is the top before the gap. There is a chance that the gap may be filled if the market corrects. In addition, PDD's price strength is weakening as can be seen in the MACD and MFI at the bottom of the chart. Keeping the two levels in mind, I see two scenarios: 1. We keep consolidating for more weeks, and then breakout the 145 resistance. If this happens, I'd not be surprised by a double digit run. 2. The price weakness exacerbates and PDD does a cup, attempting to fill the gap, and then rebound and resume the bull trend. I think the two scenarios are equally likely, although I'd prefer to see the second, because it gives us a fimer base to work with. Also the gap gives us a hint on the potential bottom of the cup so we may get a better entry point. Best luck investing!
NASDAQ:PDDLong
by ReactReflect
Why pay more ?So some followers who had benefited from my early trade post on Pinduoduo are excited to load up , so they are asking where is a good entry point. Read the latest news here This article here highlights the new investment foray that the company is moving into. This will inevitably requires costs and profitability in the short term may be affected before they pick up the momentum. From the chart, we can see a parabolic, 90 degree shoot up in pricing since it breaks out from the weekly resistance. I do not like to chase the high as funds can be deployed elsewhere. We had made almost 4 fold returns if you average entry price is 30 dollars and hold till now. For those keen to buy/accumulate, you can wait for the gap to be closed and see if the price action finds some support at 113-116 level. I wish you all the best in your trades. Give me a cheers, follow me or feel free to drop your comments in the box below.
NASDAQ:PDDLong
by dchua1969