CFD Trading – Buy Pinduoduo (PDD.NAS) at $142.80. Stop at $137.80 and Target at $167.80.

Pinduoduo Inc. Stock Code PDD.NAS

Price broke above the cloud and reached a high of $155.60 on 13 November. A correction followed but this correction managed to stay above the gap support, keeping the bullish trend intact. Conversion line and Base line had a bullish crossover earlier. Lagging Span is above price of 26 days ago and above the cloud at the moment, confirming the bullish trend. Both lines of MACD are above the zero line and are moving higher. We think the price dip may be over and price can resumes it uptrend, which still has some legroom to $167.80

$142.80              Buy
$167.80              Price Target
$137.80              Risk Management Stop
3 weeks              Trade Duration

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