$Alibaba(BABA)$ $Baidu(BIDU)$ $JD.com(JD)$ $Li Auto(LI)$ $PDD Holdings Inc(PDD)$ share prices have formed a swing low in recent price movements with increased volume.
Swing highs are points on a chart where the price of a security reaches a high point before falling back down, while swing lows are points where the price reaches a low point before rebounding. These highs and lows can be used to identify temporary trends reversal, as well as areas of support and resistance.
PDD Drops 10%! Will You Buy the Dip Under $100?
Pinduoduo shares dropped over 10% after the company reported Q3 revenue of RMB 99.35 billion, missing the estimated RMB 102.83 billion.
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What's your target price for PDD's decline?
Consider to bottom at $90 or not?
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Comments
The pattern of swing lows and strong volume might signal a shift in momentum. If you're looking to buy, now could be a good entry point.
With recent swing lows and rising volume, these stocks could be primed for a recovery. Keeping them on your radar could pay off soon.
Swing lows with increased volume often mean a turnaround is near. It might be a smart move to watch these stocks for a potential bounce.