Theoretically, this is probably the recent high level of PDD
$PDD Holdings (PDD.US)$ According to the technical graphics, the rise is very weak. The situation where the market is so strong has not started. The intraday pattern has directly weakened from a strong strength, and has not continued to decline as the general market rises again, which almost indicates a downward trend in the next few days. NASDAQ has continued to rise for many days, and there may be a short-term correction in the future. The situation is compounded. The PDD is likely to be very poor in the next few days. It is not ruled out that it will test the previous low.
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Moucault : You are right about this. I have been thinking the same. What’s holding it back?
LTOH : wonder why
71841378 OP LTOH : I want to know, but it doesn't seem to pull up.
71841378 OP Moucault : There should not be much room for online shopping in China. The customer base is saturated and the user growth basically ends. But Pinduoduo's profit is just like that. I can't predict its stock price in the future. But I think the online shopping market may be on this scale now.