P1DD34 trade ideas
$PDD that is stretcy like a pair of mom jeans What a move on this thing Know very little about it but will start watching closely
PDD (1D) Bear Shark pattern & ML setBear Shark prints as price tests fib confluence @ $34 level. Price testing Upper Median Line. RSI is extremely overbought and PPO indicate declining momentum.
Is $PDD nearing a short pullback before the next rally? Are you taking profits on PDD? When is the next rally?
PDD - Pinduoduo second-quarter results bit estimatesShare prices currently up by 13.56%. The estimated support and resistance are highlighted on the chart
$PDD Pinduoduo running to all time highs.Pinduoduo (NASDAQ:PDD) soars 11.1% pre-market after Q2 beats with 159% Y/Y revenue growth and GMV growth of 171% to $103.3B for the twelve-month period.
Average MAUs were up 88% to 366M, and active buyers increased 41% to 483M. Annual spending per active buyer was up 92% to $213.80.
Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.
PDD long setupPDD going up with weekly strong trend line. possibly buy. wait for retracement. I also watching this one .
Trending up PDDLooks like stock is in uptrend. Withstood some tariff talk, risky but maybe an indicator buyers exist for stock. Fib retracement of nearly 50% on 1st wave. Has previously gotten rejected on 200-day MA and has the possibility to do so again. Still looking like upward trend. Chinese stock so trade tensions hold large risk.
Possible OutcomesWould love to see if PDD breaks the red resistance line or not. If this price stays above the red resistance for more than 3 hours, this would take off soon or later.
PDD on May the 23rdPDD is an example on what could happen when you mess up with your orders and not respect those. Getting into a mental trip regarding the trade, a consideration that was not made prior opening it, thus basically going against your rules!!
www.tradervue.com
Thanks to everyone for checking it out!!
MY interpretation with no recommendationAt the moment this is my interpretation. I would prefer if I could count the fifth wave as the B, but it would make the third wave the smallest wave, and therefore not possible. No trades at this point
PDD bouncing off channel supportTarget is $32, though the strength of the upward drive will ultimately depend on the upcoming earnings report.
PDD Bouncing back to Major Resistance to close the weekI ma buy right when it bounces back. PDD is gonna rally higher with the rise from the recently released IPO NIO, and few other chinese stocks have good news.
PDD 4 classical trades after IPO.PDD had rallied for more than 15% after its news with NTES.
It had an inside day yesterday, here we got 4 different trades in the same daily chart.
1. Bearish bat
2. 2618+demand zone
3. inside day breakout after pivot high
4. inside day breakdown after 0.618
and actually I like all of them!
so let's see how it goes!!
