Juliac

PDD - Trade the trend

Panjang
NASDAQ:PDD   PDD Holdings Inc.
Broke up the neckline on 28 November and a retest near it on 28 December (point C). Looks ready to break above B again soon. Unlike previous steep pullbacks before the breakup of the neckline, this one is shallow (at only 23.6% retracement), a sign that an uptrend momentum is underway.

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Penafian

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