$Pinduoduo Inc.(PDD)$ Beautiful run, up 100% in just less then a month. Congratulations to longs who bought even in the last week or two. The current RSI is now at 75.56 which we know is nicely overbought. I expect a minor pullback to the gap where it closed yesterday at $59.19. I wouldn’t at all be surprised if this is down $2-3 due to some profit taking. There might be more interest in positioning for U.S stocks tomorrow going into the CPI report which is why I think some profit taking in all the Chinese stocks will happen tomorrow. Not to mention with respect to PDD up 27% in 3 days.
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