We can see that there is a nice triple bottom support for PDD ! If the price continues to rally and breaks above the resistance at 61.02. There may be the following reasons:
(1) The holding of the Beijing Winter Olympics showed the world China's power, and their opening ceremony was even more impressive. More and more investors will believe in Chinese companies
(2) Spring Festival is one of the most important traditional festivals in China. Before the new year, we will buy all kinds of goods, and PDD is a good platform. Many people are willing to buy products through this platform, which will make their financial statements in the next quarter very good.
(3) The stock market has gradually recovered and the market tends to be stable, especially for Internet companies and technology companies. The stock price has recovered momentum.
Let's see how it works out in the next few weeks .....$Pinduoduo Inc.(PDD)$
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