Pinduoduo Inc. (PDD) operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement…
Take a look at the 1-year chart of Pinduoduo (NASDAQ: PDD) below with added notations:
PDD broke a key level of support at $130. A trader could enter a short position on any rallies up to or near $130 with a stop placed above the level. If the stock were to break back above the $130 level, a long position might be entered instead.
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