PDD

 PDD PDD HOLDINGS INC.




PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. The company was founded by Hua Lin Cai and Zheng Huang in 2015 and is headquartered in Dublin, Ireland.


China name. Have to trust the numbers. So far market loves it.

First Entry Aug 23 at 79.01, then 9/28, 10/5, 10/6, 10/31

Avg in 85.46. Currently up 75% and no reason to cut anything. 

Currently trading at late 2020/early 2021 levels and we are 3x rev, and 6x income. Turned positive first time in 2021 and 4x since. Tons of cash on hand, debt increase, but short term, came from long term so LT debt dropped 80% last year. So we are looking at 2024 of having a debt/income ratio of .04

Highest scoring stock in industry beating MELI and AMZN. 

My biggest concern is giving back to much on a major pullback. So the only way I can see to do that is judge based on trend and backtests.


 Currently all the way up here, it shows no worry signs. Gap ups are being bought and still holding making new bases higher up each time.

Up here we still have multiple 80%+ Qtr Green with average retun of 43% with overall including red averages at 15%.

So there is still a lot of juice here.

Current stop has to be a hold and close under 133.40 as there is a gap from there to 120 which if we get there must mean market has turned lower, sentiemnt lower, trend broke lower and follow through to fill that gap is likely. And even then ill probably cut before then as ill see it coming a lot sooner than that. 

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Saw a big down gap completely bought up again on friday. No reason for concern yet after that. 

137 is clear level for breakdown though. I may consider partials around that. Clear rel str.

Bull flag on weekly.

Queries still excellent. Strong 70+% a few 80s into next Q still. Return % still big too. Let it be. No red. 

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12.30

Good buying. Down gap all bought up and made new base. Making clear range to work with from 137 to 150.

Hasnt made a W lo break since Oct, seeing huge move higher, would be silly to not take some off on that new trend break if it happens. MAs still so far away. 

Queries still Green, not much red at all. Techincals clearly in need of a PB, history isnt too huge on this stock, but given everything in market right now, hold as long as I can, but when trouble shows up, time to take my money. 

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1.5

Clear rel str. Did not see weakness. 9w ma might tough next week. 

China Cyc stocks all saw big sell, not PDD, clear leader. 

Clear 138 partial, 133 out. 

1.14

Continues to have great rel str. Failed breakout above 150 that closed back under, may revisit bottom TL channel, but also 9/20dma just under price. 9wma also going to be touching price next week. 

Hit a MM from 106.38/59.67 at 153 almost to the penny and saw R. 

Queries slight edge to green, clearly due for range market for a while. 138 still partial. 

1/28

Lots of china news. 

W 9ma in play, D range clear. Reasons to add are here but need more data still. 

Did not see big pop on china news. Who would buy after this run already when baba and NTES are near ATL. Either way it held and is basing out.

Partial 136 close under

2/4

Got the partial taken. Big down gap. Waiting for a bottom before setting final stop. We have now tapped the 20wma. 

Queries are ok down here. Seeing red based on STD and down move, buyt overall green return vastly outweighing down moves. 

Given strength, willl loook to get back in on this for a setup as long as we can make a clear bottom. 

MAE W% lines up with anch vwap from big earnings gap in August. Can be good spot to find a buy as its also bottom of vol prof zone as well as a gap fill.

Well see, let it be for now. But signs look good for buying.  

2/10

Dip being bought. Right at bottom of Val Area from mid 2021 as well as rising TL from mid August. I still want to get back in, but gotta wait for more time to pass. China names had good pump but PDD sold.   

Queries are great. Returns largley green. Monthly Avg Green says well be back at recent highs 153, Quartlery says Avg return we will be back there. 

Frequent days calling for a 26% gain at end of quarter. All signs point to buy more. 


Monthly down hasnt seen this much in a year. Query doesnt really care about it still 5050.

MAE on M is 115 too far past stop, but MAE on W is 123 which is close enough to a lot of other S.

2/16

Buying. Saw great rel str all week with clear buying patterns.

We also broke above all average MFE in query so that tells me we are still in buy mode here. Looking like we are hitting a top for now, may dip a bit and reset, ill look for re entry again. 

Queries strong green returns. 

2/23

News, talks of banning selling in US. Techincal breakdown, long vol prof gap below, lost 20wma. Sold.

+$2278
+14R
-MAE -$78
-MFE +$3377


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