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


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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

 

PDD_3_27.png.6ac015a7eeeefcb9c57c22358ac77405.png

 

 

 

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.

PDD_4H.png.4b78b54a42ac6c3e658a5136edf89c66.png

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