Bullish Pennant Price Target $6Bullish Pennant on the 2 hour, this pennant has formed on the handle of the Larger Cup and Handle Pattern that has formed, which has a Price target of $32
DTST trade ideas
Cup and Handle 600% upside potential.There is what looks like to me to be a Cup and Handle on DTST with massive upside potential if it plays out.
Price target for measured move about $32, short term target $6.
DTST - hidden Cyber Security longterm playData Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.
This is not a financial advice!
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Shs. Float of 3.84M
Rel. Vol. of 4.0 today
Keep an eye on 5.3, 6.0 levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 4.0
TPs approx. 7.8 maybe even higher - i see it as a longterm play.
Most info on the chart.
Trade carefully!
$DTST Target PT 11.50 and higherData Storage Corporation Announces Multi-Million Dollar Contract with One of the Nation’s Most Recognized Professional Sports Teams
MELVILLE, N.Y., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions including disaster recovery, infrastructure as a service, cyber security and data analytics, today announced its wholly owned subsidiary, Flagship Solutions Group, has been awarded a multi-million dollar contract with one of the nation’s most recognized professional sports teams. Under the agreement, the Company will provide a modernized and encrypted storage infrastructure to support the team, the stadium and its affiliates.
The project will expand the security of the on-premise storage and cloud backup services, while empowering the team to get more value out of their data and mitigate security threats including ransomware. The project leverages IBM’s High-Performance Storage, Data Resilience, Flash, Zero Trust Identities & Data and Power10 capabilities to predict threats, secure data and modernize the technology infrastructure.
“We are pleased to announce this important contract with a major U.S. professional sports franchise, as it illustrates the traction we’re gaining in the market. We were selected based on the scalability and performance of our solutions, which provides further validation of our Flagship acquisition last year. This award is also a direct result of our new marketing strategy, focused on key industries: sports & entertainment, banking & finance, healthcare and government. While Intel and Windows servers have been undergoing a massive migration to the cloud over the past eight years, the IBM Power server market has only begun this transition and we are clearly at the forefront of this emerging multi-billion-dollar market. We have built a robust proposal pipeline heading into 2022 and remain confident in the outlook for the business,” stated Chuck Piluso, CEO of Data Storage Corporation.
“While no one can predict when a cyberattack might occur, there are proactive measures organizations can take to mitigate data loss and prevent potential disruption to business operations. Among large sports organizations, efficiency and effectiveness are fundamental in keeping the business operations running as usual, which includes data storage security and analyses to monitor and improve operations,” commented Mark Wyllie, CEO of Flagship Solutions Group.
About Data Storage Corporation
The Company delivers and supports a broad range of premium technology solutions focusing on IaaS, data storage protection and IT management. Clients look to DSC to ensure disaster recovery, business continuity, enhance security, and to meet increasing industry, state and federal regulations. The Company markets to businesses, government, education and the healthcare industry by leveraging leading technologies. Through its business units, the Company provides IaaS, SaaS, DRaaS, VoIP, IBM Power systems and storage hardware with managed IT services. For more information, please visit www.DataStorageCorp.com.
$DTST is gonna fall todayPupm&Dump trading strategy idea.
$DTST is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $10.69;
stop-loss — $12,37;
take-profit — $7,32.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
