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Pinduoduo Inc.(PDD:NASDAQ) Elliott Wave Technical Analysis 31 March 23


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Pinduoduo Inc., Elliott Wave Technical Analysis

Pinduoduo Inc., (PDD:NASDAQ): Daily Chart, 31 March 23,

PDD Stock Market Analysis: We are looking at a potential nest within wave (3). It is difficult to see this move as corrective, for a bearish alternate, therefore we can look for longs as long as we see a clear three wave move to the downside, which is what are seeing now.  

PDD Elliott Wave Count: Wave {c} of 2

PDD Technical Indicators: 200EMA as support.  

PDD Trading Strategy: Looking for upside into wave 3.

TradingLounge Analyst: Alessio Barretta

 

PDD_3_31.png.7a47a769ff88f10b97c9372832bbe737.png

 

 

Pinduoduo Inc., PDD: 4-hour Chart, 31 March 23,

Pinduoduo Inc., Elliott Wave Technical Analysis

PDD Stock Market Analysis: We have reacted off equality of {c} vs. {a}. We are lookin for a clear five wave move into wave (i) to then look for longs.  

PDD Elliott Wave count: Wave (i) of {iii}.

PDD Technical Indicators: Below all averages.  

PDD Trading Strategy: Looking for longs.

PDD_4H.png.f1afff79773fbe550a64b4c949a5c912.png

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