Pinduoduos stock price (PDD) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, countered with negative signals from the RSI despite reaching oversold level.

Therefore we expect more losses for the stock, targeting the pivotal support of $108.90, provided it settles below the resistance of $120.75.

Trend forecast: Bearish