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27Mar

Pinduoduo Inc., Elliott Wave Technical Analysis 27 March 2023

Alessio Barretta |27 Mar, 2023 | 0 Comments | Return|

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Pinduoduo Inc., Elliott Wave Technical Analysis 27 March 2023

4Hour

Pinduoduo Inc., PDD: 4-hour Chart, March 27 2023,
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.


Daily

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

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