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Technical analysis

Chart Analysis - Week Ahead 26 September 2022

Technical Analysis

Check out the trading idea of the week below!

Trading Idea of the Week

(NYSE:PDD - Pinduoduo Inc)

  • BULLISH BIAS
  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Pinduoduo’s recent venture into fresh produce, Duo Duo Grocery, has been instrumental in helping alleviate recent concerns over food security by introducing a supply and demand model that can match local shoppers with local produce suppliers in under 24 hours.
  • The company is pioneering what it calls a feed-based shopping experience where users are presented with a social media-like feed where they can discover products they may not have known they wanted.

 


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