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

PDD Holdings Inc.

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PDD trade ideas

$PDD in an Impulse Wave 3 after IPOIf in fact Wave is as marked, I have 161.8% and 261.8% Extension measured, Wave 4's 50% Retracement, and Wave 5's Extension of Wave 3. Wave 3 has already violated the 161.8% Extension. Disclaimer:  I have been trading in the markets for about a year.  After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others.  This was good.  But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed. For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory.  There are two books that were recommended to me as I started this journey. 1.  Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com 2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com I am still learning.  I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey.  I am open to all feedback on my analysis as I continue to improve.
NASDAQ:PDDLong
by RicoConnects
Appears to have gone Parabolic??This stock appears to have gone Parabolic but who knows. I was in it for a while but sold it this week. Who knows, PDD may reach the sky! I was worried about the fall back to earth. She may keep flying until after Corona Balona is over which will maybe be at election time at the rate we are going/Dunno. PDD joins SHOP, DKNG (who fell) Spot, and ZM with this pattern. Scares me but we all have our own gut feelings and tolerance levels. There may be support at 81 to 82ish, then down at 59 to 60ish, Then down at maybe 45 to 49ish...after that the strong support is in the 30s Trade safely and listen to your gut
NASDAQ:PDD
by lauralea
PDD LONG entry on breakout of downward trendlineAs PDD broke its major downward trendline , a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: - The recent downtrend has been broken with decent volume - The 20ma was broken and held, pulling in moving-average traders off the side-lines - A recent low offers a perfect spot to put a logical technical stop As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
NASDAQ:PDDLong
by ericsolan
3
PDD Short Now - Low Risk Entry Points to WatchChinese markets are currently taking a hit and PDD happens to be coming off a new all-time high and bearish divergence. Bearish divergence on RSI lead to a new high and eventual price break down. We are currently sitting at the .382 fibonacci retracement level. Similar scenario in previous cycle (2018-2019) where bearish divergence occurred and eventually had price fall to the .786 fib level which lines up with our major support line. .786 fib level for current rally lines up perfectly with the major support line as well. This is exciting. Not only with the major support line but it lines up with the .618 fib level of the previous rally mentioned above. This price level, approximately $22-$23.50 is the mother of all buy zones in my opinion. Now we may not even go that low but if we do I will be pretty confident in longing there. I will be looking to make more plays in the other targets above as well, but I’ll be buying bigger bags as we reach the lower and lower levels considering the indicators line up at the time. I will update as we move forward, good luck trading. Cheers!
NASDAQ:PDDShort
by thiluxan_s
1