The Long Investor
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$PDD
🕑 Added 2025-04-24 11:44:05 +0000 UTCI am not seeing anything out of the ordinary here for $PDD.
Price has been consolidating in a slow ABC correction since May '24 and it has still not dropped as low as its 0.618 Fib yet at $77, which would be the standard pull back level....and this is inspite of a lot of market uncertainty lately.
Fundamentals are very strong for $PDD which likely explains the relative strength.
Downside risk is still $77 but if the Chinese positions continue to move higher then $PDD can do the same and move higher to the blue line at $212.
