PDD likely pull back to reality on the short term.

31 thg 12, 2023

PDD is showing bearish divergence in the RSI after a consistent upward movement in a considerably bullish trend. The RSI is weakening showing less momentum. Additionally the oscillators such as stochastic and MACD are flashing sell signals.

I suspect PDD will have a slight correction down over the coming weeks to fill the gap on the Nov 27th, and touch the 50MA. I would be looking to buy as the price nears $125.

In the future I would be careful trading this stock around the earnings date March 13th and also when the IPO lockup period ends in May.