$PDD false breakPerfect example of a false break on the trendline here, some unusual call options as well. Longby C0o0kieUpdated 0
PDD Stock Jumps 6% Following Strong Q1 Earnings For Temu 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 and international discount retail platform Temu. Shares of NASDAQ:PDD surged nearly 80% in 2023, as Temu expanded rapidly in the U.S. and elsewhere. Both Alibaba (BABA) and JD.com (JD) posted better-than-expected sales for their March quarters last week. The tech giants are PDD's main competitors in China. Analysts were mostly positive on PDD's Q1 results. Morningstar analyst Chelsey Tam upped the research firm's fair value estimate for PDD stock to by 8% to 230. PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by its international shopping site Temu and growing consumer interest in its Chinese discount e-commerce platform Pinduoduo. The company's revenue rose 131% to 86.81 billion yuan ($11.99 billion) in the first quarter, compared with analysts' average estimate of 75.66 billion yuan, based on LSEG data. PDD's shares were up 5.7% in pre-market trading. Consumers in China have turned to less expensive shopping platforms such as Pinduoduo and Bytedance's Douyin at a time when a property sector downturn and rising local debt have weighed on the country's economic growth. NASDAQ:PDD 's co-CEO Chen Lei told analysts in a call following the company's earnings release that competition has been fierce in the first quarter, with consumers growing accustomed to making purchases from a variety of platforms, rather than defaulting to just one. Technical Outlook NASDAQ:PDD stock is up 6.14% as of the time of writing. NASDAQ:PDD stock appears to be overbought with a Relative Strength Index (RSI) of 76.78 which made it primed for a trend reversal. The stock's daily price chart depicts a double bottom that lasted for about 5 weeks before the uptrend. Longby DEXWireNewsPublished 6
PDD - We love PDD! Bulls time to shineI have longer term swing positions on PDD but I also like to trade it in a shorter term swing setting as it gaps nicely in predictable fashion and is one of those companies that you just know does well - so with the industry-wide boom in chinese stocks, I'm all over taking advantage. Looking for continued healthy liquidity building in tapered selling algorithms (bullish) and continued strong buying continuation to break us out of HTF tapered buying algorithms. Happy Trading :)Long04:38by ReigningTradesPublished 5
5/21/24 - $pdd - punting long into tmr's AM print5/21/24 - vrockstar - NASDAQ:PDD - hard not to like the setup here into tmr AM's print, testing last year's mid-highs. google trends on the marginal gainer temu is crushing trends.google.com 17x fwd PE, high single digit FCF. pretty expensive for chinese co, but it's the fastest horse (which are the only stocks that one can buy in this tape w/ confidence) and net cash in capital stack helps. "recession" play. cheap warez 4 sale globally. taking the punt long here after seeing the baba reaction red to green... and any beat should ship this 10%. lmk if you have diff POV in the comments below. Longby VROCKSTARPublished 2
PDD potential buy setupReasons 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: OpenLongby TradeWithParasUpdated 1
PDD - We missed you! Plenty more room after a healthy pullbackThis was a $150 stock the entire time. I was loading up on this while it was undervalued in the low $100's. I still believe we have room to push toward the $200's with positive earnings but I would like to see a clean predictive pullback and not rush this. Happy Trading :) - TraderDaddyOGLong03:34by ReigningTradesPublished 7
PDD bullish for the target 151. "PDD has shown a strong bullish formation after a breakout, aiming for a target of $151."Longby westcoasttrader07Published 4
PDD Target $255PDD Holdings have a Cup and Handle formation. EPS and Revenue growing nicely. Expecting it to make new highs in coming quarters. Target $255.Longby Niaz90Published 5
PDD, 3/22-5/2, 9.5% ProfitOn 3/20/2024, Pinduoduo (PDD) reported earnings of $2.39 per share on revenue of $12.52 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $1.58 per share on revenue of $11.99 billion. Longby 1hour_tradingPublished 0
LONG PDD - Nice breakout today... Falling Wedge Pattern!PDD has a nice breakout today... Falling Wedge Pattern!Longby rshandilyaPublished 0
PDD - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.Longby Financial_InsightsPublished 1
PDD - What we need to see to sustain a bullish biasHolding yellow support will be key here until we activate a stronger purple to break out of orange. Video says it all Stay tuned for further updates Happy Trading :) - TraderDaddyOGLong03:26by ReigningTradesUpdated 335
PDD - Updated Analysis and Bullish OutlookIt has been a while ride on PDD this past month! Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels. We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this one and the benefits will pay in the longer run. Happy Trading :) - TraderDaddyOGLong03:42by ReigningTradesPublished 7
PDD - Update and what we need to see to continue upwardWe are looking for a confirmed activation of our buying continuation - that could be yellow HTF acting as support but ideally we will need to activate something stronger like purple or on the LTF green/blue. Happy Trading :)Long01:57by ReigningTradesPublished 4
PDD on the weekly. Much needed bullish outlookVideo says it all. Another PDD special for my special viewers. Take care, trade cautiously, and Happy Trading :)Long03:58by ReigningTradesPublished 7
PDD Holdings Options Ahead of EarningsIf 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 release, I would sell at least half of them. Longby TopgOptionsUpdated 2
PDD - Updated analysis as we keep on droppingStill very much like this longterm. I'm not a fundamental trader but it seems as though all the fundamentals line up - so will be looking for us to get picked up by a stronger buying continuation algorithm. Ideally magenta. Happy Trading :)Long01:08by ReigningTradesPublished 3
PDD - Crazy PA Today!! What to look out for going forwardThere is clearly (proven) plenty of room for this to go up. Question is, what was today all about? To be honest, I'm just as confused as you may be especially with the very solid earnings that were reported and future growth outlook. So I'm going to continue to stay away from the fundamentals and leave that to Sir Powell (purple tie, what'd I say about purple ties!!) There is further growth opportunity here and I will be on the lookout to find it. Stay tuned for further developments! Happy Trading :)Long03:37by ReigningTradesPublished 116
PDD Holdings' Temu Operator Surpasses Revenue ExpectationsPDD 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 Performance The numbers speak volumes: PDD's fourth-quarter revenue soared to 88.88 billion yuan ($12.35 billion), surpassing analyst estimates by a significant margin. This achievement marks a staggering 123% year-on-year growth, following a robust 94% rise in the third quarter. What's more, this remarkable performance comes despite the lingering impact of COVID restrictions in China during comparable quarters in 2022, which were only lifted in December of that year. Challenges and Uncertainties Ahead However, amidst this success, challenges loom on the horizon. Concerns over political tensions between the U.S. and China pose a potential threat to Temu's continued growth in key markets. Analysts have cautioned that heightened scrutiny from policymakers, similar to what has been witnessed with platforms like TikTok, could impact PDD's operations. Additionally, supply chain disruptions and evolving consumer sentiments present ongoing challenges that PDD must navigate as it continues to expand its global footprint. Optimism and Future Outlook Despite these uncertainties, NASDAQ:PDD remains optimistic about its future prospects, particularly in its home market of China. With the government's support through macro policies aimed at bolstering consumer sentiment, PDD's subsidiary, Pinduoduo, anticipates further growth opportunities in the domestic market. Market Dominance and Competitive Edge Moreover, NASDAQ:PDD 's ascent to become the most valuable Chinese e-commerce company by market capitalization underscores its position as a dominant force in the industry. Surpassing Alibaba Group Holdings in market value further solidifies PDD's standing and underscores its potential for continued success in the ever-evolving world of e-commerce. Conclusion In conclusion, NASDAQ:PDD Holdings' impressive fourth-quarter performance, driven by the success of its global platform Temu, signals a promising trajectory for the company amidst a challenging and dynamic market environment. As it navigates through uncertainties and embraces opportunities, PDD's innovative approach and strategic vision position it for sustained growth and success in the years to come.Longby DEXWireNewsPublished 3
PDD - Our patience paid off! Our "lines" tell us everythingWe finally got the breakout we were waiting for on PDD and the makers set us up perfectly for a post-earnings gap up. Happy for everyone who followed along our analysis and held strong on this one. Or maybe even added on the dip like I did. We can expect some resistance at top of yellow here before a retest of white tapered selling and then an attempt to breakout of orange tapering again. See you all there! Happy Trading :)Long03:25by ReigningTradesPublished 4
PDD Bullish Harami at major supportWeekly chart Uptrend, Bullish and Strong Bull. PDD form major support and resistant at 50$ interval.. 50, 100, 150, 200 (Rounding Bottom) This week closing with Bullish Harami candle (Bullish Reversal) with higher volume. Banker is weak but overall still control the rally FiFT is turning green this week. Plan : Get ready for BOD (Buy on Dip) signal above 131. SL below 100. by kgiap123Published 226
PDD - Weekly Analysis to get a larger picturePDD continues to pull back and that is okay. But we do need to see some of our stronger buying continuation algos activate and get to work or else there is plenty more room to the downside. As you can see on this weekly chart, we are in a HTF large selling algo in teal. To break out of this we will need to be activated in our strong yellow/orange buying continuation and begin to see breakouts of our stronger controlled selling algos (White and magenta). Hope this was helpful for all you PDD bag holders (me). Happy Trading :)05:23by ReigningTradesPublished 334
PDD - Daily analysis - Opportunity to prove tapering approachingThis could be the sign that bulls have been waiting for. To prove tapering on the daily and activate a strong buying algo to make a move to breakout of our selling algos. Keep an eye out for this - we will look for the white tapering on the daily to line up with our pruple tapering algo on the 1 HR. Happy Trading :)Long03:38by ReigningTradesPublished 339