Morning Trend | PDD consolidates with reduced volume, is the main upward wave coming?
PDD (Pinduoduo) has been fluctuating upward in recent trading days, and last night the US stock market closed with another gain, indicating a noticeable increase in short-term trading sentiment. In terms of volume changes, there have been signs of a contraction in trading volume recently, with a growing divergence between large funds on the long and short sides, but the overall bullish signal remains unchanged. From a technical perspective, the stock price has consistently been above the 5-day and 10-day moving averages, which are in a bullish arrangement, and market funds still show support at high levels. The community's hot topic is whether it can break through the recent platform resistance zone; once there is a volume increase, a main upward trend is likely to unfold.
On the news front, Pinduoduo continues to strengthen its overseas market presence, with positive developments in its "Temu" business expansion; local life services and supply chain upgrades are also attracting attention from off-market funds, with several investment banks recently issuing buy ratings, indicating clear signs of early positioning by major players. Although there are some divergences among funds, investors generally focus on whether the platform can achieve volume growth, creating opportunities for a second surge. Currently, after a significant rise at high levels, there is an increase in short-term wait-and-see sentiment; if market risk sentiment heats up or mainstream sectors show volatility, fluctuations may increase.
Overall, Pinduoduo has a good current chip structure, with active following funds, and the recent contraction in trading volume indicates a consolidation phase. However, once there is a volume breakout, chasing funds may concentrate and explode. In terms of operations, it is advisable to pay attention to intraday fund movements and marginal changes in industry events, while being cautious of the risk of chasing high and falling back. If volume effectively supports it in the future, new short-term highs may be refreshed again, waiting for the next move from market leaders
Technical Forecast·
