Norton Rebecca
06-21

$PDD Holdings Inc(PDD)$ These two days, I have been watching Pinduoduo's stock price and saw it fall to around 99, which made me a little excited. Because from a technical point of view, this price is close to the strong support level of 95 yuan in my mind.

But the question is, can it hold 95 yuan? If it can't, will it continue to fall?

Let me analyze my logic for you:

1. Current stock price situation:

Pinduoduo's 20-day moving average is 114.85 yuan, and the market holding cost is 121.20 yuan. The current price of 99 yuan is obviously lower than these two points, indicating that the market may underestimate its value in the short term.

2. Support and resistance level:

Technically, 95.10 yuan is an important support level, and 127 yuan is a possible short-term resistance level. I think that if you can buy the bottom near 95 yuan and rebound to 114.85 yuan or above, the profit space is still good.

3. Risks and opportunities:

I calculated that the current winning rate is 57.88%, and the B odds are 6.58. This means that as long as you can seize the opportunity, the risk-return ratio is quite attractive.

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.

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