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keifer
Jun 19, 2020 5:14 PM

HUSN May have bottomed. Long

Description

Hello,

What is HUSN?
Hudson Capital Inc. provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, supply chain financing services, factoring services, and technical services. It also provides financial leasing services and equipment purchase financing to commercial enterprises. The company was formerly known as China Internet Nationwide Financial Services Inc. and changed its name to Hudson Capital Inc. in April 2020. Hudson Capital Inc. was incorporated in 2015 and is headquartered in Beijing, the People's Republic of China.

My Thoughts For You
This is another Chinese Company...meaning manipulation. Just be careful because anything can happen.

I have a retrace at the 61.8% and it seems to be holding. If the bottom is in then we can expect to see 5 waves up as indicated on this chart or we may see a double 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


Good Luck, Cheers!

Be sure to comment, follow, like, and check out my profile for more trade ideas!
Comments
gr8tdane_10
Good points. I am in most agreement. I also would say the chance for manipulation going into the finalization of the merger is high, so to be prepared.
TheCryptoChartWhisperer
This one is going to make the boom. Wait for it...fuse is lit.
TheCryptoChartWhisperer
When you coming back to make the dream team?
TheCryptoChartWhisperer
I think it's close to or at bottom right now...Tuesday if it drops lower I'd buy more. Let's find out next week/2
Bulls22
Loving the double bottom on this one.
renad2002
finviz has them marked as a US company and indicates theyre based in NY.. do they have an office there or something?
ProjectSyndicate
looks good to me. upvoted.
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