Pinduoduo amid positive outlook - Analysis - 26-01-2023

Pinduoduo's stock (PDD) rose in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive signals from the RSI after reaching oversold levels, amid positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 104.30, provided it settles above 89.36. 

Expected trend for today: Bullish