$PDD PinDuoDuo post earnings August 2022

0530 cst

• The move below $67 today, signifies weakening demand

• Failure to close on its highs is weak

• Long term, it appears it has a new 4.5 year cycle that has started since March

• Short term: confirming recent $67 resistance, is necessary for shorts

• $57 target

• not worth monitoring unless it goes under $67