BTC Bubbles Bottom Below the 20 Months Moving AverageBitcoin monthly chart.
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
DSS
DSS Buy cheaper than insidersOn 6/15/2021 Heng Fai Ambrose Chan, Director of Document Security Systems Bought 1,000,000 shares at a price of $1.70 per share, for a total of $1,700,000!
Now the price of DSS is 1.31usd.
On 6/24/2020 Aegis Initiated Coverage on DSS with a Buy rating and a price target of $14.00, but they kept diluting their shares and never finalized the Impact IPO.
Twitter rapid analysisLooking at the weekly chart indicates bearish trend with lower high formed.
Combination of weekly chart and DSS indicator showed another bearish divergence, historically followed by approximately 200 days downtrend action.
Cycle reversal expected mid September with possible price targets for long position between 45-50.
Ciao
DSS BREAKOUT TO THE BELOW?For the last couple of months, it looks like price action occurs in a channel for DSS.
To be honest i do not expect for price to bounce back from lower line of the channel.
It looked like price action form an M pattern on bb which is a bearish sign.
Also the real problem is here that there is a sell off in small caps along with broader market.
DSS is not a profitable company and some part of its business model relies on crpyto.
Im bearish on DSS.
DSS possibly bouncing off MA 20 and Key support. $DSS
This is what I'm seeing For this week.
It's bouncing off two things.
1. Support from initial gap down (after offerings)
2. Support on Daily MA 20. Second time meeting it since offerings gap. Notice the first time it went below MA 20, it gapped way down in Feb. Need a bounce today to show strength.
3. RSI is at about 45. A turn up today would be a perfect play with enough space before becoming overbought.
4. Cup and handle.
Possibly bullish but I think it depends on how we perform today and tomorrow.
5. Earnings on Wed.
If neither of these things hold this stock up, will need to re-evaluate. Let me know what you see. AMEX:DSS
Bottom boxPotential gain:+50%
Reward/Risk:3.5
Timeframe: 2-4wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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DSS Technical Analysis 🧙Document Security Systems Inc operates in the security and commercial printing, packaging and plastic ID markets. The company develops, markets, manufactures and sells paper and plastic products designed to protect valuable information from unauthorized scanning, copying, and digital imaging. It is organized into the operating segments of Packaging and Printing; Plastics; Digital; Technology management; and Corporate. The Packaging and Printing, and Plastics segments, which are the key revenue-generating segments, are engaged in the printing and production of paper, cardboard and plastic documents with a wide range of features designed for the protection of documents against unauthorized duplication and altering.
Document Security Systems, Inc. a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the pricing of an upsized underwritten public offering with gross proceeds to the Company expected to be approximately $34.5 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.
The public offering equates to 12,319,346 shares of the Company’s common stock at a price of $2.80 per share. The Company intends to use the net proceeds from this offering, together with their existing cash, to fund the development and growth of new business lines, acquisition opportunities, and general corporate and working capital needs.
The Company has also granted the underwriters a 45-day option to purchase up to an additional 15% of shares of common stock offered in the public offering to cover over-allotments, if any, which would increase the total gross proceeds of the offering to approximately $39.7 million, if exercised in full.
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DSS Long off $4 Oversold, looking for a move back to fair value price $5.
Public offering price $3.60 Jan 19th hence the drop.
SEC 424B5 (https://www DOT bamsec DOT com/filing/149315221001607?cik=771999)
Some inside buys/acquisitions around $6.5
(https://www DOT insidertracking DOT com/node/7?menu_tickersearch=DSS+%7C%7C+Document+Security+Systems)
DSS is our NYSE listed technical breakout pick. #79pctUpside
=====================
Our New Pick is: DSS
Current Price: $1.20
Float: 12.61M
Target Price: $2.15
Investor Presentation
========================
Members,
Act fast, and start your research on our latest trade idea DSS (Document Security Systems Inc.).
We've be scanning the market for the next big bullish breakout opportunity, and DSS really grabbed our attention today.
Based on our research, the chart on DSS is showing us a potential upside of nearly +80%.
This leader in anti-counterfeit, authentication, and diversion protection technologies, is due to get plenty attention from the Street tomorrow.
Here's why....
The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center in Las Vegas, Nevada November 14-16.
“Cannabis products are quickly going mainstream which means they are fighting the same threats from fraud as other products. But with less mature supply chains and limited controls to protect against counterfeiting the threat is even greater for cannabis providers. DSS can assist these companies with supply chain security, anti-counterfeiting tools, and even printing and packaging solutions,” stated Mike Tobin, DSS VP Sales & Marketing.
The Company’s printing and packaging division, Premier Packaging, offers custom structural designs for folding cartons that are tailored for the cannabis market and their product offerings. Additional competencies include materials management, logistics, converting and inventory management programs; and when coupled with its product authentication technologies, gives DSS a strong value proposition to vertically integrated cannabis brands.
“The cannabis market is also heavily regulated with many states requiring tracking from seed to finished product along with proof that taxes and duties have been paid,” added Tobin. “We can provide companies with a comprehensive, very secure solution starting with a digital signature on the packaging all the way through to consumer engagement, including a blockchain-based option.”
DSS's customized product authentication solutions are powerful enough to protect against the most sophisticated forms of fraudulent activity, safeguarding brand integrity and value. Based on the Company’s patented AuthentiGuard™ technology, any authorized smart phone enables all supply chain personnel and consumers to easily authenticate products, and with the integrated GPS feature, it also has the ability to report diverted goods.
Additional features of AuthentiGuard™ include:
True 2-factor authentication
Secure tie-in to serialization and codes
Traceability from seed to finished product
Counterfeit resistant, patented technology which is secure against copying, scanning and high-resolution photography
Strong data collection capabilities with unified records management on individual plants & products
Iimmediate Bullish Catalysts for DSS:
The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center tomorrow
Chart is looking extremely bullish at the moment.
Float is just 12.61M
Zero Insider Selling Within the Past 12-Months
On March 19, 2018, DSS announced its partnership with the Hong Kong Logistics and Supply Chain MultiTech R&D Centre (LSCM) to conduct research focused on developing the next generation of DSS’ Brand Protection products utilizing blockchain technology to secure product transactions across multiple channels, including retail and online distribution.
About Document Security Systems Inc.
For over 15 years, Document Security Systems, Inc. (“DSS”) has protected corporations, financial institutions, and governments from sophisticated and costly fraud. DSS' innovative anti-counterfeit, authentication, and brand protection solutions are deployed to prevent attacks which threaten products, digital presence, financial instruments, and identification. AuthentiGuard®, the company's flagship product, provides authentication capability through a smartphone application so businesses can empower a wide range of employees, supply chain personnel, and consumers to track their brands and verify authenticity. For more information on DSS, visit www.dsssecure.com.
Investor Highlights
Focused on high-growth commercialization and high-margin licensing opportunities
Valuable near-term growth opportunities with AuthentiGuard™ & other technology products
Entrance into Asia Pacific market represents significant opportunities within world’s largest counterfeit packaging market
DSS is advancing the Authentication Model from reactive to predictive, involving the use of data to validate product authenticity
Mobile authentication tool, allows all parties in the supply chain the ability to authenticate
Technology platform fills consumer demand for product authentication capability
Adding consumer generates very valuable data that will become cornerstone of businessstrategy and intelligence
Integration of data from supply chain will enable product origin and tracking, critical in food,beverage, health and beauty markets
Technical Analysis
RSI is Showing Bullish Divergence
15-Day Moving Average breaking above its 50-Day Moving Average, forming a "Golden Cross" (Major Bullish Indicator).
We are setting our price target for DSS at $2.15, which is an upside of nearly +80% from our $1.20 alert price.
We are feeling confident that DSS is going to go on multi-day bull run.
The chart is looking extremely attractive, and we believe that DSS will hit our target price of $2.15
We are excited to hear what news will come out of the upcoming MJBiz conference.
We could be looking at the NYSE's biggest winner tomorrow!
As such, we are urging all members to act fast, start their research, and make sure to have DSS up on your screen's and ready to trade.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The PennyStock101 Team
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