CLPS, buy momentAll the technicals matches up.
Next Cycle coming up soon.
Company is also profitable and improving YOY.
Only threat is US/China relations.
CLPS trade ideas
CLPS Accummulaton & BreakoutThe stock has been channeling in the 5-5.25 area for a while and has kept it's slow trajectory upward. Price movement suggest accumulation before expansion; a BB study will show that they are contracting tighter and tighter.
There was a recent offering closed and completed, priced at $6/share. Recent large scale orders showing positive money flow has been observed, with the price stable with relatively low volume. Short interest as of March 15 was 142,761 with the average daily share volume of 3,473,798. That's an increase of 614% over the previous month of February. The float is 5,620,000,
What does this mean?
It means any good news will send this low float monster on a rocket ship to the Tendytown. On it's own, the stock is seriously undervalued. It should be trading for at least 7-8 a share purely on valuation (major digital payment partner based in California, I suspect SQ).
Blockchain fintech will also move higher with BTC, and is rumored to be working on NFT news. Excellent buy in opportunity at the accumulation times.
CLPS Break OutCLPS looks like it wants to go higher after consolidating at the 50 SMA and testing the .23 fib level. MACD should cross soon. Low float and can make big moves.
1st target 6.35
2nd target 9.42
CLPSCLPS Inc (NASDAQ:CLPS) gave us a nice move on Friday, which could be the start of a bullish reversal and a short-term bottom. The technical indicators on H4 are looking better for the stock with the MACD indicator above its sell signal line and RSI indicator moving up from the 50% level. Friday Chairman's Letter to the Company's Shareholders is very bullish. The stock was trading at $19.50 in Feb and closed on Friday at $5.47. I think it could see a sharp reversal in the next few sessions.
$CLPS Signs Vendor Agreement with U.S. Digital Payment PlatformCLPS Incorporation Signs Vendor Agreement with a Well-Known U.S. Digital Payment Platform, Ramps Up Global Expansion Strategy.
$CLPS will provide IT services, including data analysis and payment risk management for their international business.
Growing beyond the Mainland China market, CLPS has been extending its presence and client base internationally, including blue chip financial institutions to meet the strong demand for IT services. The Company's competitive advantage and expertise in the payment industry are contributing factors that made the contract with the Client headquartered in the U.S. possible. It enables the well-established business relationship of both parties to transpire in the international market.
finance.yahoo.com
$CLPS: SmlCap play - Potential 35-70% upside from today's closesee boxes on chart for Entry, Exit and Stop loss zones.
Not for any recommendation, Just an Idea.
CLPS Breakout The price closed right up against resistance but more importantly the giant bullish engulfing candle is very bullish. Add the recent MACD cross and the RSI still on the cool side and CLPS looks like its ready to take off.
1st target $4
2nd target $4.35
CLPS another wave down.Hello,
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.
News
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!
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