TBI
2024-08-27

$PDD Holdings Inc(PDD)$  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.$PDD Holdings Inc(PDD)$ 

US-China Dialogue: Is a Spring Coming for China Stocks?
On the 16th, Trump stated that the US and China working together could solve all the world's problems. He made this remark during a press conference at Mar-a-Lago in Florida. "China and the US can solve all the world's problems together. Think about it, it's important," Trump said. Following the news, both Hong Kong and Chinese stocks saw slight gains. Do you believe in a bullish New Year rally for Chinese stocks?
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Comments

  • winnerking
    2024-08-27
    winnerking
    PDD will be the next luckin coffee
  • Mattie Ming
    2024-08-28
    Mattie Ming
    Great article, would you like to share it?
  • TohKC
    2024-08-27
    TohKC
    Great article, would you like to share it?
  • AN88
    2024-08-27
    AN88
    Great article, would you like to share it?
  • tryphena
    2024-08-27
    tryphena
    Great article, would you like to share it?
  • Stayawayfromstockmarket
    2024-08-27
    Stayawayfromstockmarket
    upward trend?
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