DSS trade ideas
DSS: One of my laggards. Wanted to get rid of it but upon checking, it shows that it has printed a 5 wave down. That could be a wave 3 but it is also A=C so it could be just 3 wave. In any case, we should be getting a bounce. Wave 4 could get as high as the bottom of wave 1 at $14.20. At the minimus, it should get to pivot S1 having bounced off S2. The best case is the start of an impulse off a completed ABC.
DSS 1D Running Flat Wave 4TEST
Document Security Systems, Inc. engages in the development and distribution of paper and plastic products designed to protect valuable information from unauthorized scanning, copying, and digital imaging. It operates through the following segments: Packaging and Printing, Plastics, Digital, Technology Management, Direct Marketing, and Corporate. The Packaging and Printing segment produces custom paperboard packaging serving clients in the pharmaceutical, beverage, photo packaging, toy, and specialty food industries. The Plastics segment manufactures laminated and surface printed cards which include magnetic stripes, bar codes, holograms, signature panels, invisible ink, micro fine printing, guilloche patterns, biometric, and radio frequency identification. The Digital segment involves in research, development, marketing, and selling of AuthentiGuard. The Technology Management segment refers to monetizing patent portfolios through commercial litigation and licensing. The Direct Marketing segment offers products and services directly to the public. The company was founded on June 16, 1984 and is headquartered in Victor, NY.
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.
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..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!