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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 89.25 and 77.70. If the stock breaks down through support at 89.25 then it will probably continue lower to 77.70. The stock will meet resistance at 98.43 and 111.33. If the stock breaks up through resistance at 98.43 then it will probably continue higher to 111.33. The 200-day moving average is at 53.62. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (70.09).”
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