PDD trade ideas
PDD Pinduoduo Inc. - Neutral$NIO if trump signs another order to ban China internet companies and EV companies, they all tank like sh*t. $BABA $PDD $JD $LI
[Study] PDDI just took profits on a PDD position this morning after a 20% gap up.
I think the chart is a good study of simple Support & Resistance levels on a long term bullish chart. Note the breakouts and backtests.
This company was founded not that long ago and is already the #3 online retailer in China. Very impressive, and the growth potential is high.
I went long the recent backtest of 100 after the breakout. Buying the Oct backtest was a good idea too, but the general market was looking mighty bearish at that time! If you can fade general emotions, the backtest level provides a great risk/reward.
Nearby earnings made me choose to sell cash covered puts (Jan 100s) and this move killed almost all the premium.
It's a still bullish long term, IMO.
PDD daily inside candle - 11/6/2020set alerts monday on today's high/low. if it breaks with volume play it to the target in that direction
#PDD $PDD
Diving in a 1 metres poolCommon sense would tell us that it is very risky to do that, not only endangering one's life but may also cause injuries to other users. However, common sense is not commonly practised.
It is the same in trading. When we know that a particular stock, like PDD is riding on a strong bullish trend, there would be a group of daredevil traders who enjoy taking it down albeit temporarily.
Such corrections when done right could generate good profits for them. But the risks are equally high. In this 1H chart, the probability of it revisiting the support at 84.02 is quite high yet these group of traders would execute a short position to take advantage of it. I used to do that and was very busy in one company or index. It was a frantic and stressful situation.
The challenge is it might not retrace to the support level but midway and rebound. We don't know, really. It could also have a small red candle before breaking out of the resistance at 98.15 as well. We also don't know.
But what we do know is the weekly, daily and 4H time frames are showing strong bullish signals. Thus, this 1H correction, if it happens could be a short lifted one. The risk reward ratio, imo is not worth the time, effort and risks to bet against it. It is definitely easier to go with the flow then against it. What do you think ?
PDD - October 18, 2020PDD has had a nice run and has clear bullish momentum. Any dip on this should be bought.
PDDi think this is a good one to start buying into here, bit of riskier bet, typical risks that come with Chinese companies currently, decent big money interest, interesting platform ideas, seems like they're always experimenting with new ideas to make their product more addicting, with a little facelift on their product i think they have a decent chance of competing with JD.com and even Alibaba long term, i'm thinking we're back to the 88 to 92 level next quarter
PDD sold out Sold out PDD since it has reached to be close to the pressure position, although no signal right now.
PDD Trade within the rangeConsolidation after steep drop
Consider trading within the range of 70 - 76
Indicators showing oversold
PinnedReally liking this setup on a technical basis. PDD has been consolidating for a couple of days, and on both short and longer-term charts, there's a nice CMF divergence. I'd want to see the stock clear and hold just above the short-term POC (let's say, 75.37) before jumping in on the long side. The recent consolidation then provides a tight stop to get out without much pain if necessary.
PDD long in the short termPDD down from 100$ to 72$.
Today having a doji candle exactly on previous support line. It might serve as reversal.
In addition, RSI is at 30 which indicate oversold.
Buy @ 75$
Stop < 72$
PDD BUY OR LONG , TARGET UP TO $135PDD will confirm the " Ascending Triangle " pattern at $101. I will Long (Buy) when the price breack out to $101.
PDD buy : $101
PDD target : $130 +-2
Stop loss auto : 8%
Wish you a good deal!
[Long] PDDThis looks like a bull flag to me, with two bounces of the 50ma.
I added on the dip (maybe 3-4 days too early) but glad to see it higher now. This a longer term holding for me.
Pinduoduo- E-commerce outperforms and boomsE-commerce will continue to have strong CAGR as the brick and mortal stores fold under the pressure and the whole world becomes even more digitalized in the future.
