Let’s take a look at Pinduoduo (PDD). It’s in a pretty good trend, above the standard line and turning line (if you didn’t know, that’s the the yellow and purple lines). It’s also above the cloud and trending according to the ADX. I think it’s got a shot to go higher, so let’s figure out how much higher that will be in the immediate future.
Looking at a low, high, and another low, I’ll use the fibonacci extension to project some targets. Our next target will be 193, followed by 212. If you want to hold it longer then your targets will be 228 and 239.
Good luck, hope it helps. I’ll see you on the next video.
Hubert Senters has been online trading for the last 10+ years. He has a loyal trading community consisting of over 100,000 traders. He’s helped his followers easily understand trends and spot better entries and exits to maximize their profits.
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