Pinduoduo Inc.(PDD:NASDAQ) Elliott Wave Technical Analysis March 27 2023

Pinduoduo Inc., Elliott Wave Technical Analysis

Pinduoduo Inc., (PDD:NASDAQ): Daily Chart, 27 March 23,

PDD Stock Market Analysis: We can identify a clear three wave move to the downside into what could be wave 2. In addition to that, there seems to be a complete five wave pattern within wave {c}.  

PDD Elliott Wave Count: Wave (v) of {c}.

PDD Technical Indicators: 200EMa as support.

PDD Trading Strategy: Looking for upside confirmation.

TradingLounge Analyst: Alessio Barretta

Source : Tradinglounge.com get trial here!

Pinduoduo Inc., PDD: 4-hour Chart, 27 March 23,

Pinduoduo Inc., Elliott Wave Technical Analysis

PDD Stock Market Analysis: We are looking at a potential bottom in place as we have passed equality of {c} vs. {a}.

PDD Elliott Wave count: Wave (v) of {c}.

PDD Technical Indicators: Below all averages with RSI bullish divergence.

PDD Trading Strategy: Looking for shorts as long as we stay below the 20EMA.

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  • BarbaraWillard
    ·2023-03-27
    Looks like PDD is still on the downside.
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  • CaesarHicks
    ·2023-03-27
    Is there any good news from PDD?
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  • Guy
    ·2023-03-27
    Maybe 75 is a good buy enery.
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  • Svengers19
    ·2023-03-27
    Thanks for sharing
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  • kytphine
    ·2023-03-27
    thanks for sharing
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  • HL Chua
    ·2023-03-28
    Good
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  • maxcheng
    ·2023-03-28
    good
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  • [Like]
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  • JosephPhang
    ·2023-03-27
    tq
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  • Minjow
    ·2023-03-27
    good
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  • JDhope89
    ·2023-03-27
    👌
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  • CindyLoh
    ·2023-03-27
    good
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  • Francis1977
    ·2023-03-27
    Good
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    Fold Replies
    • jjt87
      ok
      2023-03-27
      Reply
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  • Taishu1234
    ·2023-03-27
    Yeah
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  • JakeL
    ·2023-03-27
    [OK]
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  • Kel1
    ·2023-03-27
    K
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  • DHWY
    ·2023-03-27
    [Miser]
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  • ng2021
    ·2023-03-27
    ok
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  • quarzt
    ·2023-03-27
    ok
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  • HockLai
    ·2023-03-27
    good
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