$PDD worth watching for swing puts or calls
My earlier bullish outlook on this stock has now become more neutral. The dashed yellow line connects closing prices while the solid yellow line connects lows.
Based on RSI and stochastic right now, price could move either way, but the 20sma is crossing down below 200 and RSI is under 50. For the time being I lean bearish and watching 30/60m timeframe for a trade entry. Watch price to see what it does between the two yellow lines.
Based on RSI and stochastic right now, price could move either way, but the 20sma is crossing down below 200 and RSI is under 50. For the time being I lean bearish and watching 30/60m timeframe for a trade entry. Watch price to see what it does between the two yellow lines.
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