$PDD Holdings Inc(PDD)$ sold o

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$PDD Holdings Inc(PDD)$ 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 30%: Would You Buy PDD or BABA at $80?

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winnerking
·08-28
PDD will be the next luckin coffee
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Mattie Ming
·08-28
Great article, would you like to share it?
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TohKC
·08-28
Great article, would you like to share it?
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AN88
·08-28
Great article, would you like to share it?
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tryphena
·08-28
Great article, would you like to share it?
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Stayawayfromstockmarket
·08-27
upward trend？
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Huat99
·08-27
good
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For example, operating revenue was ¥97.06 billion, below the market expectation of ¥99.985 billion; online marketing services and other revenues were ¥49.116 billion, lower than the expected ¥50.496 billion.\n-------------\nIs it a bear trap or a bargain opportunity?\nWhat's the bottom for PDD?\nWhat's your target price?\nAlibaba vs. Pinduoduo: What's your pick?","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. 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