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Pinduoduo Inc (PDD) “On a long-term technical basis, the stock (PDD) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 78.97 and 69.40. If the stock breaks down through support at 78.97 then it will probably continue lower to 69.40. The stock will meet resistance at 86.55 and 98.43. If the stock breaks up through resistance at 86.55 then it will probably continue higher to 98.43. The 200-day moving average is at 53.83. This will also act as support. The stock is neutral according to the Stochastic Indicator (61.32).”
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