$PDD
Added 2024-09-26 19:37:06 +0000 UTC$PDD got a very abrupt end to its Wave 5 in August when their earnings came in lower than expected and when they lower guidanced, citing their growth was not sustainable.....the price fell very sharply to $88.
It has recovered extremely well and hit $131 today
It is entirely possible that the worst is behind $PDD now but I want to see a higher low in next to show the real strength of this new impulse structure
So I have added in the green fib levels and I like how the 0.618 Fib aligns with the blue $104 support/resistance line.....so a hold here would give us a buy signal.
I will monitor this.
