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Is PDD ready to move lower? Fell Below 20 Day Moving Average shows up after plummeting 5.46%
PDD posted a 5.46% loss on Thursday, August 13th, accompanied by 1.2× normal trading volume. Multiple bearish signals emerged — Fell Below 20 DMA, MACD Bearish Signal Line Cross & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 82.6, 81.02 & 77.98, with resistance at 87.22, 90.26 & 91.84.
Current SwingTradeBot Technical Rating of PDD: F
This might just be the start. See what else showed up for PDD today.
Read full article here »