FinCodeToad

PDD likely pull back to reality on the short term.

Kort
BATS:PDD   PDD Holdings Inc.
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 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.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.