PDD AnalysisPrice consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement to fill the fair value gap at $126.71 next, given the over-extended bullish price action recently.
PDD/N trade ideas
PDD AnalysisPrice played out nicely as analyzed last week, giving us a -5.39% move to the downside. From here, I'm expecting a continuation to the downside to fill the fair value gap at 126.71 next.
PDD AnalysisPrice consolidated since my last analysis. No changes to my original expectations, I'm expecting a bearish retracement into the fair value gap at 126.71, given that price is in an extreme premium level. A bearish retracement is highly probable.
PDD AnalysisPrice consolidated since my last analysis. No changes to my original expectations, I'm expecting price to make a bearish retracement from here, given that price is on the extreme premium level in the current PD array.
PDD likely pull back to reality on the short term. NASDAQ:PDD is showing bearish divergence in the RSI after a consistent upward movement in a considerably bullish trend. The RSI is weakening showing less momentum. Additionally the oscillators such as stochastic and MACD are flashing sell signals.
I suspect NASDAQ:PDD will have a slight correction down over the coming weeks to fill the gap on the Nov 27th, and touch the 50MA. I would be looking to buy as the price nears $125.
In the future I would be careful trading this stock around the earnings date March 13th and also when the IPO lockup period ends in May.
PDD AnalysisPrice did not play out as analyzed last week after filling the FVG at 116.74. Right now, there is a huge FVG created on the last earning release. Right now, price is on the extreme premium, and I'm expecting a bearish retracement into the FVG at 126.71 next.
PDD bulls try to take back control 👀its climbing back above bullish trend support, but we still need to clear 110 level before it takes off in my opinion..
looking for rally to 129-146 once I get confirmation. 🎯
boost/like and follow for more.. thanks 💚
Pullback scenarios for longI see two scenario playing out for a long term bullish trade.
Bias: Bullish
Why: Neckline breakout of inverted head & shoulders with a positive earning gap.
Scenario A: Price action is currently showing a bullish flag after the huge earnings gap up. We can see price retrace to test the end of the gap. With a high possibility of bouncing and breaking the bull flag structure to a new high.
Note: 12/8 ended with a green volume day above average breaking the latest downtrend volume structure.
RSI is still show PDD in an overbought scenario, most severe since Aug/Sep 2019'.
MACD is turning to a SELL signal at the top of the indicator.
Given the indication for a dire pull back...
Scenario B: Price action retraces to fill gap, bouncing to retrace back to the I-H&S neckline or 200 EMA before a rocket launch to $170 price target.
Thoughts?
Pure speculation. Trade responsibly.
$PDD looks like it will come in for a retest then continue goingLooks like it may hit 240 next year April time but for now a retest to 129 looks more probable
If History RepeatsIf history repeats itself, this chart is doing what it did in 2020.
I see NASDAQ:PDD is increasing in the EPS 4.8% in 2022 and the forecast is an 18.52% EPS growth in the next 5 years. This company is earning $4.47 per share at the moment.
The market cap is at193B and the enterprise value is at159B which shows me they have more cash than debt. Going into a recession of any type, this is a plus.
I do hate to see that insider management nor directors do not own this company.
What do they do? PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses.
It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.
It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023.
PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
They are currently increasing their employment yearly with 2022 at a 33% growth of employment rate.
This is one that could retrace the same path of support and resistance that are marked in the yellow lines.
5 Investors Betting Big on Pinduoduo (PDD) StockNASDAQ: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 acquired 3.73 million shares during Q3.
4. Vanguard: 24.10 million shares. Vanguard acquired 6.63 million shares during Q3.
5. FMR: 17.63 million shares. FMR acquired 4.33 million shares during Q3.
PDD AnalysisPrice played out nicely as my last analysis, giving us a +20.66% move to the upside. Price is currently on the premium range and has filled the FVG made in July 2021. I'm expecting a bearish retracement from here into the bullish OB at 103.6 since price is on the premium level, and target has been met.
💵 E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: long/buyers/positive.
Next Swing: negative swing to support.
Next Wave: buy wave to the range.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Market Capitalization: 152.987B
Release Date: 11/23 BMO
Quarter: FQ3'23
_______________________________________________
Revenue Anticipations: positive surprise of Revenues.
Revenue Surprise-Confidence: on a scale of 0-9, #7
Revenue 2-Year Trend: the company trend in Revenues is positive.
_______________________________________________
EPS Anticipations: positive surprise of EPS.
EPS Surprise-Confidence: on a scale of 0-9, #7
EPS 2-Year Trend: the company trend in EPS is positive.
_______________________________________________
📝 S Y N O P S I S
🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.
⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.
🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise.
🔎 R E S E A R C H D E P T H
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
☝️ P R O V I S I O N
The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
PDD - Tight Coil🔍 Tight Bull Flag : The price action on PDD's chart has shaped up into a tight bull flag, characterized by a consolidation phase (the flag) following a strong upward move (the pole). This pattern typically suggests that bulls are gathering strength for another rally.
📊 Robust Volume : What's even more promising is the substantial increase in trading volume. This suggests that market participants are actively accumulating PDD shares, further fueling the bullish case.
First target is at $112.
$PDD is making solid strides upIf it crosses above 109.59 this week, it can get to 129.
Stop loss would be 100.
PDD AnalysisPrice played out to my last analysis, giving us a 7.76% move to the downside, but fail to fill the FVG below. Price is consolidating right now, showing bullish momentum. We should see price heading for the highs at 103.60 next.
PDD AnalysisPrice is on a nice uptrend with decent pullbacks. There is a fair value gap at 85.57 waiting to be filled. I'm expecting price to make a nice bearish retracement to fill the fair value gap before continuing the uptrend. Alternatively, price could continue lower into the bullish POI at 82.19 before going higher.
$PDD - Rising Trend Channel [MID-TERM]🔹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 Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$PDD: Strong earnings and strong chartNASDAQ:PDD has had a great quarterly report despite the slowdown in China as of late, chart wise the setup points to a weekly advance but possibly also a quarterly timeframe trend.
You can see the levels where you can bid on retrace next week, if tested, but I would consider entering long positions right away as well, there's various ways of engaging after a trend signal triggers. Ultimately, the odds of continued upside justify entering sooner rather than later, given the reward to risk and probability being on your side.
The bonus here is that after this weekly advance pans out you could be in for the ride in a longer term trend, offering the setup some 'call option' upside long term. I would suggest trimming exposure after 8 weeks or after all targets are hit, as long as the idea isn't stopped, to then ride a low risk but smaller long term position.
Best of luck!
Cheers,
Ivan Labrie.
PDD Holdings Options Ahead of EarningsAnalyzing 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 to read your opinion about it.
PDD reversal ? as we see in the chart , we are near the reversal area .
if it breaks the support at 74.5 ~ -> get out .
potential 30% profit in here .
*Be aware that this week at 25/8 we got Powell speech which may effects the market direction .
Not an financial advisor .
