CLPS another wave down.

NASDAQ:CLPS   CLPS Incorporation

What is CLPS?
CLPS Incorporation provides information technology and consulting services to banking, insurance , and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management. The company also provides core banking services, including business analysis, system design, development, testing, system maintenance, and operation support; and services in loans, deposit, general ledger, wealth management, debit card, anti-money-laundering, statement and reporting, and risk management, as well as architecture consulting services for core banking systems, and online and mobile banking. In addition, it offers software project development, maintenance, and testing solution services, including COBOL, Java, .NET, Mobile, and other technology applications; and CLPS Virtual Banking Platform, a training platform for IT talents owned by CLPS , as well as sells product and third part software. The company was founded in 2005 and is headquartered in Kwun Tong, Hong Kong.


My Thoughts For You
This stock has been diluted and has investors very upset with losses ranging about 81%. I had spent time on this chart trying to figure out the wave count which was very difficult. Anyways this is the best that I could come up with and see that we still have another leg to go before we see the bottom.

If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"

Good Luck, Cheers!

Be sure to comment, follow, like, and check out my profile for more trade ideas!