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Pinduoduo Inc., Elliott Wave Technical Analysis

Pinduoduo Inc., (Nasdaq: PDD): Daily Chart, 31 March 2023.

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.

Analyst: Alessio Barretta

Pinduoduo Inc., PDD: 4-hour Chart, 31 March 2023.

Pinduoduo Inc., Elliott Wave Technical Analysis

PDD Stock Market Analysis: We have reacted off equality of {c} vs. {a}. We are looking 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.

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