HUSN May have bottomed.
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 "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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 "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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