Pinduoduo Inc (PDD) extended its gains in recent intraday trading, supported by dynamic momentum from trading above its 50-day SMA. This helps stabilize the prevailing short-term corrective uptrend, as the stock continues to move along a supportive ascending trendline. Additionally, the Relative Strength Index is showing bullish signals, despite being in extremely overbought territory.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $108.70 holds, targeting the key resistance level at $123.00.

Todays price forecast: Bullish.

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Weekly performance report available here: Trading Signal Results Week of July 1418, 2025