PDD trade ideas
PDD UpdateLooks to me like it;s doing range bound trading, wait until $140 to short. Should be overbought by then
Watch the Chinese market if you're gonna play this in eitehr direction
ABC BullishABC Bullish is in hopes that C is C. C on this one does line up with the fib level but sometimes C fails. Possible stop under C or if more conservative, possibly a stop somewhere under long entry level and cross your fingers.
Former parabolic arc so volatility is to be expected.
The One Black Crow candlestick pattern is made up of two candlesticks and starts with a long bullish white candle. It is followed by a long black candle which opens and closes lower than the previous white candle’s open and close. Remember, both candles in this pattern should be long candlesticks. A red candle has the open at the top of the candle body and the close of the period at the bottom of the candle body. A green candle is vice versa. The high of the day is at the end of the top wick and the low of the day is at the bottom of the bottom shadow for both green and red candles.
A Marubozu candle can be either red or green, bullish or bearish with very little or no shadows on either end so it is shaven. It shows the bears were in charge the whole session.
The Belthold is a bullish candle and performs fairly well in the scheme of candles and candle patterns. They occur at or close to a bottom and should be a green candle with no lower shadow which closes near the high, meaning little or no upper shadow.
No recommendation
undervalued $PDDI value $PDD at 343 billion with extremely conservative declining revenue growth rates (<25%) and a consistent 45% FCF margin in the next 20 years.
These Demark's 13s are great buys.
$PDD and $BABA are the best undervalued plays at the moment.
$PDD Pinduoduo Support Zone Must Hold
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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PDD Bullish Along with Chinese Tech.$PDD: Falling wedge pattern, this might take a little bit of time to marinade. We are tactically overweight on Chinese Tech as inflation is on the rise. China's economy is slated to rebound quickly and this stock is at a 40% discount from its highs! We think this is a high conviction name for recovery and have seen unusual options activity with this name the past 1-2 weeks! Setup is invalidated if it breaks below 110.
PDD - GREAT Short Opportunity, IF ... !!Hello! Friends,
- This would be a great short Opportunity, IF NASDAQ:PDD breaks down the Daily Support line at $124.00 (with a WHOLE DAILY Candle) !!
Pinduoduo Holds Key Level as China Tech StabilizesChinese technology stocks like Pinduoduo were among the top performers in 2020. They’ve pulled back hard in the last two months, but now certain members of the group are showing signs of stability.
PDD could have the most interesting patterns. First is its recent bounce around $120, which matches a high-volume bullish gap from a strong earnings report on November 12.
Second, consider how that line corresponds with the rising 200-day simple moving average (SMA). Next is the upward-turning MACD.
PDD might not be well known in the U.S., but its $160 billion market cap makes it bigger than about 90 percent of the S&P 500. It gained more than 550 percent between April 2020 and February 2021.
We can also look at some of its peers like Bilibili, Vishops and Baidu.
BILI has basing pattern around $100:
VIPS has based out around its 200-day SMA with some kicker candlesticks near the lows:
BIDU has held $200 following a single high-volume bounce from under $180:
Consider last the Nasdaq Golden Dragon China Index , which tracks the broader Chinese technology group. It bounced twice at its 200-day SMA. Also notice how buyers defended 15,000, which was a peak in late December. Is old resistance new support?
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PDD: You should be aware of this chart pattern!Hello traders and investors! Let’s talk about PDD today! It is the first time I analyze this stock, and I hope my insights can be helpful. In this analysis, I'll present you two strategies to follow.
First, in the 1h chart, we have a Descending Triangle chart pattern, and the trend is clearly bearish, as the 21 ema is pointing down, and the price can’t trade above it.
This makes the situation more favorable to the bears, at least in the short-term , and as long as we don’t see a clear breakout upwards from this Triangle, the bear trend will persist. This Triangle is the best chance PDD has to reverse this bearish sentiment.
Now, there’s two strategies we can use. First, if we see an upwards breakout, second, if we see a downwards breakout. Either way, this Triangle is the key, and the targets are better seen in the daily chart:
If PDD breaks this Triangle downwards, then it’ll just seek the next support level, and the most meaningful support is the red line at $ 121.28. Then we’ll see how to proceed. Maybe PDD will lose this line, or it could do a nice candlestick pattern and trigger a possible Double Bottom pattern – we can’t know for now.
On the other hand, if PDD does an upward breakout from the Triangle in the 1h chart, the next resistance is the target, which is at the green line ($ 152.06). This is also a pivot point , and the trigger of an Inverted H&S chart pattern , as evidenced by the green area. If triggered, this pattern will officially reverse the trend in the mid-term , and PDD would have a first target at $ 188 , and it could go even higher, above $ 200.
Since PDD is dropping with low volume , this makes me wonder if this bearish movement will have the strength to persist.
Either way, we must keep watching PDD closely, and if you liked this analysis, remember to follow me to keep updated with my daily studies, and please, support this idea with your like!
Thank you very much!
PINDUODUO INC / OVER 36% PROFITPINDUODUO INC / OVER 36% PROFIT
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H&S?It broke the trendline of that descending wedge with some volume but then formed a head and shoulder pattern on the 1 hour, if it breaks down expect it to go right back into that descending pattern and Ill end up playing PUTS.
PDD short position ideaPDD formed a head and shoulder patter in the past few months. it broke the neck line ($133.88) on 24/3/2021.
Today just retested the same neck line but failed to break out. Right now would be a good point for short position.
Target price is at $60.8 but pay attention to the red line. It could be act as support.
PDD - Early but flag break on dailyHas been one of the strongest of Chinese names out there, but showing clear bearish pattern.
