$PDD Holdings Inc(PDD)$ sold o

$PDD Holdings Inc(PDD)$ sold off into trendline support. I would be apprehensive about shorting off this level after it filled the 95 gap.

Yesterday's daily candle closed with the largest volume in years, and we are retesting a prior resistance level from above, suggesting a potential S/R flip is taking place.

I'm expecting some volatility ahead as the stock consolidates around this level, but ultimately think that it will resume its uptrend in the coming weeks.

Am positioned for the reversion back to the upside, considering the weight of this selloff.$PDD Holdings Inc(PDD)$

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. -------------------- What's your target price for PDD's decline? Consider to bottom at $90 or not?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

winnerking
08-28
winnerking
PDD will be the next luckin coffee
Mattie Ming
08-28
Mattie Ming
Great article, would you like to share it?
TohKC
08-28
TohKC
Great article, would you like to share it?
AN88
08-28
AN88
Great article, would you like to share it?
tryphena
08-28
tryphena
Great article, would you like to share it?
Stayawayfromstockmarket
08-27
Stayawayfromstockmarket
upward trend？

Leave a comment

172

610

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":342888426729552,"tweetId":"342888426729552","gmtCreate":1724719492999,"gmtModify":1724728240159,"author":{"id":3585745902929799,"idStr":"3585745902929799","authorId":3585745902929799,"authorIdStr":"3585745902929799","name":"TBITrades","avatar":"https://community-static.tradeup.com/news/282bf6441b6c41fe9f0c97a7aa7d92ae","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.04","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"fanSize":2362,"starInvestorFlag":false},"themes":[{"themeId":"aa79a96f120143fe9914cf57b36baedd","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"PDD Drops 10%! Will You Buy the Dip Under $100?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":aa79a96f120143fe9914cf57b36baedd}&rnconfig={\"headerBarHidden\": true}","description":"Pinduoduo shares dropped over 10% after the company reported Q3 revenue of RMB 99.35 billion, missing the estimated RMB 102.83 billion.\n--------------------\nWhat's your target price for PDD's decline?\nConsider to bottom at $90 or not?","image":"https://community-static.tradeup.com/news/277f3722b689cde4571a80decdd32ce2"}],"images":[{"img":"https://community-static.tradeup.com/news/a892fda7ba9abf1fd8a8d3a96154942c","width":"1848","height":"863"},{"img":"https://community-static.tradeup.com/news/0fa27b1a00688223eb79f536b1c01faf","width":"898","height":"1530"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/a892fda7ba9abf1fd8a8d3a96154942c","width":"1848","height":"863"}],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a><v-v data-views=\"1\"></v-v> sold off into trendline support. I would be apprehensive about shorting off this level after it filled the 95 gap.\nYesterday's daily candle closed with the largest volume in years, and we are retesting a prior resistance level from above, suggesting a potential S/R flip is taking place.\n&nbsp;I'm expecting some volatility ahead as the stock consolidates around this level, but ultimately think that it will resume its uptrend in the coming weeks.&nbsp; \nAm positioned for the reversion back to the upside, considering the weight of this selloff.<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/a892fda7ba9abf1fd8a8d3a96154942c\" tg-width=\"1848\" tg-height=\"863\">\n<img src=\"https://community-static.tradeup.com/news/0fa27b1a00688223eb79f536b1c01faf\" tg-width=\"898\" tg-height=\"1530\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a><v-v data-views=\"1\"></v-v> sold off into trendline support. I would be apprehensive about shorting off this level after it filled the 95 gap.\nYesterday's daily candle closed with the largest volume in years, and we are retesting a prior resistance level from above, suggesting a potential S/R flip is taking place.\n&nbsp;I'm expecting some volatility ahead as the stock consolidates around this level, but ultimately think that it will resume its uptrend in the coming weeks.&nbsp; \nAm positioned for the reversion back to the upside, considering the weight of this selloff.<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/a892fda7ba9abf1fd8a8d3a96154942c\" tg-width=\"1848\" tg-height=\"863\">\n<img src=\"https://community-static.tradeup.com/news/0fa27b1a00688223eb79f536b1c01faf\" tg-width=\"898\" tg-height=\"1530\"></body></html>","text":"$PDD Holdings Inc(PDD)$ sold off into trendline support. I would be apprehensive about shorting off this level after it filled the 95 gap. Yesterday's daily candle closed with the largest volume in years, and we are retesting a prior resistance level from above, suggesting a potential S/R flip is taking place. I'm expecting some volatility ahead as the stock consolidates around this level, but ultimately think that it will resume its uptrend in the coming weeks. Am positioned for the reversion back to the upside, considering the weight of this selloff.$PDD Holdings Inc(PDD)$","highlighted":1,"essential":1,"paper":1,"likeSize":172,"commentSize":7,"repostSize":610,"favoriteSize":0,"link":"https://ttm.financial/post/342888426729552","repostId":0,"isVote":1,"tweetType":1,"viewCount":12045,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["PDD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["晒单贴"],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":489,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":343179062132776,"commentId":"343179062132776","gmtCreate":1724802313991,"gmtModify":1724802319414,"authorId":3583834684688529,"author":{"id":3583834684688529,"idStr":"3583834684688529","authorId":3583834684688529,"name":"winnerking","avatar":"https://static.tigerbbs.com/53456def62158dd751e7e146be8f2930","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"PDD will be the next luckin coffee","text":"PDD will be the next luckin coffee","html":"PDD will be the next luckin coffee","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":343188297089024,"commentId":"343188297089024","gmtCreate":1724804596094,"gmtModify":1724804599490,"authorId":4171124934330352,"author":{"id":4171124934330352,"idStr":"4171124934330352","authorId":4171124934330352,"name":"Mattie Ming","avatar":"https://community-static.tradeup.com/news/0df6f1be27214adcf16181d74cb134c3","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":343165847646464,"commentId":"343165847646464","gmtCreate":1724799089624,"gmtModify":1724799092899,"authorId":3581730220063030,"author":{"id":3581730220063030,"idStr":"3581730220063030","authorId":3581730220063030,"name":"TohKC","avatar":"https://static.tigerbbs.com/1b99f44a5a42f80279cce8214bb0a02d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":343156677492960,"commentId":"343156677492960","gmtCreate":1724796849181,"gmtModify":1724796852709,"authorId":4181877949416372,"author":{"id":4181877949416372,"idStr":"4181877949416372","authorId":4181877949416372,"name":"AN88","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":343100221857792,"commentId":"343100221857792","gmtCreate":1724783093351,"gmtModify":1724783180917,"authorId":4100148151994730,"author":{"id":4100148151994730,"idStr":"4100148151994730","authorId":4100148151994730,"name":"tryphena","avatar":"https://community-static.tradeup.com/news/30748c0f5e2539e78157aaa1f5391ff1","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.30","exceedPercentage":"80.87%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":342906892902440,"commentId":"342906892902440","gmtCreate":1724724001166,"gmtModify":1724724006036,"authorId":3570745797362088,"author":{"id":3570745797362088,"idStr":"3570745797362088","authorId":3570745797362088,"name":"Stayawayfromstockmarket","avatar":"https://community-static.tradeup.com/news/1112367c7dfe200e1a883fd3a91b5e5c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342888426729552,"objectIdStr":"342888426729552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"upward trend？","text":"upward trend？","html":"upward trend？","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/342888426729552"}