Morning Trend | PDD's three consecutive days of gains, is the main upward wave window coming?
PDD has seen a continuous increase in trading volume over several days, with a strong three-day rally attracting significant market attention and a sustained bullish atmosphere. Major funds are entering the market against the trend, and there is a clear trend of short-term capital inflow, with the online consumption sector expected to welcome a year-end valuation recovery. The market shows enhanced buying activity, with localized accumulation on the daily chart and price levels approaching new highs for the period. Technical indicators are rising in sync, with K-line bodies continuously enlarging, indicating that bullish forces are in control. On the news front, PDD's recent promotional activities, combined with expectations of a domestic consumption rebound, are driving the market's optimistic outlook on the company's business performance. Many traders in the community believe that if the volume can continue to increase today and effectively stabilize above previous highs, the stock price is likely to open up greater upside potential. However, it is important to note that the desire to realize profits may be released at any time following consecutive gains at high levels, and the probability of a short-term pullback to the 5-day moving average should not be underestimated.
In terms of operations, if capital continues to follow through in the morning, there may be a quick short-term surge opportunity. However, if there is a decrease in volume or a weakening of intraday movements, the risk of price fluctuations at high levels increases, and chasing after price increases should be approached with caution. In summary, the control of major funds and capital divergence are key variables in this round of market activity, with future focus on trading volume and capital trends to prevent being trapped by chasing high prices, while paying attention to the support reactions of the 5-day and 10-day moving averages and fundamental dynamics
Technical Forecast·
