Temu Parent Company PDD Faces Slight Selling Pressure Ahead Of Q2 Earnings: Bullish Trends Vs. Bearish Blips

The current trend for PDD Holdings Inc PDD, owner of Temu and Pinduoduo, is moderately bearish. The Shanghai-based online retailer saw its share price spike 78.36% over the past year. However, it’s down 4.6% year-to-date.Let’s look at what the charts indicate for PDD and how the company, scheduled to report second-quarter earnings on Monday, currently maps against Wall Street estimates. PDD Bullish MomentumThe stock is currently experiencing slight selling pressure. However, several technical indicators are ...