Trend break for PDD stock. No longer higher highs an higher lows, as the wedge broke to the downside. Next accumulation spot around 75$, maybe even 70$.
PDD (Temu) shares have fallen over 30% after recent earnings implied they have missed their targets by a massive margin, and a cautious comment indicating there might be macro issues going ahead. However, only revenue has missed targets - by only 3% - effectively meeting the markets sky-high expectations. Looking at the actual releases, EPS is 2.97 in Q2...
As PDD Holdings, the e-commerce titan behind Pinduoduo and Temu, confronts a landscape fraught with intensifying competition, economic challenges, and evolving consumer preferences, the question of its future trajectory becomes increasingly pressing. Can the company successfully navigate these turbulent waters, or will it succumb to the tempestuous forces at...
PDD Holdings (NASDAQ: NASDAQ:PDD ), the parent company of the discount e-commerce platform Temu, saw its stock plummet by 28% on Monday following a disappointing second-quarter earnings report. The China-based company, which also operates Pinduoduo, missed analyst expectations, signaling challenges ahead in a competitive landscape that could stifle its rapid...
Chart is self explantory. Bottomline I think we came to the end of 4 year long bear market in China. If they don`t blow up the Taiwan issue, coast is clear. Econ gathering on 14-16 July, CCP will explain it reforms. I don`t buy what they sell but they would most likely provde liquidity to the market pre and post this economic forum which they do every 5 years....
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Looks like it is close to the bottom now. If it stays above 25, then breaks above 28, then it should hit 40. SL 25.
NASDAQ:PDD stock surged 6% on Thursday, following strong Q1 earnings for Temu parent company PDD Holdings ( NASDAQ:PDD ). Sales jumped 131% year-over-year for the March-ending quarter. On the stock market today, U.S.-listed NASDAQ:PDD stock is up 6% at 156.14 in higher than usual volume. NASDAQ:PDD Holdings includes China-focused e-commerce platform Pinduoduo...
Reasons for bullish bias: - Price gave LH breakout - Positive Earnings - 0.5 Fib retracement plus support Here are the recommended trading levels: Entry Level(CMP): 130.62 Stop Loss Level: 105.33 Take Profit Level 1: 155.91 Take Profit Level 2: Open
If you haven`t bought PDD before the previous earnings: Then analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week, I would consider purchasing the 140usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $10.75. If these options prove to be profitable prior to the earnings...
PDD Holdings ( NASDAQ:PDD ) emerges as a formidable player, surpassing revenue expectations in its fourth-quarter earnings report. The driving force behind this success? Temu, its global platform, which has seen remarkable growth propelled by strategic end-of-year promotions and a surge in demand during China's Singles Day festivities. Robust Growth and Financial...
PDD should take support between 74 and 76, which is a fantastic opportunity. The chart indicates the levels.
Many Chinese stocks are quietly breaking out. News headlines from other aspects of investing and world politics are drowning out these bullish setups. Breakouts observed in some leading names.
NASDAQ:PDD is soaring higher after a blowout third-quarter earnings report. Let’s take a look at Pinduoduo’s largest shareholders: 1. Sequoia Capital: 48.23 million shares. Sequoia acquired 45.04 million shares during Q3. 2. Baillie Gifford: 35.66 million shares. Baillie acquired 4.5 million shares during Q3. 3. BlackRock: 27.87 million shares. BlackRock...
🔹Moving average indicator has provided a POSITIVE signal, indicating a continued upward trend. 🔹Resistance at 104 could potentially trigger a NEGATIVE reaction, but an upward breakthrough of 104 indicates a POSITIVE signal. 🔹Once breakout resistance at 46 is considered a POSITIVE signal. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double...
Analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $4.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
🔹Breakout resistance at 136 and next resistance at 145 🔹Supports 136 in negative reaction. 🔹Technically POSTIIVE for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
🔹Support at 113 and Resistance at 144. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️