Document Security Systems, Inc. (DSS) had two significant insider buys last year: $15Mil at $1.23 and $2,64Mil at $1.70 But now you can buy the stock cheaper than they did! This is my safe upside price target area for you this year.
I dont need to get into too many details. You can see from the chart. I knew this wasnt the best company, but I didnt know it was gonna burn like this after they did their offering. These folks seem bad with money! Im out! And you should be too.
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.
TEST 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...
On 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.
ABC shark harmonic pattern: B=0.61 A C=1.6 B tp1=0.88 C=$62 tp2=0.88 A=$200 tp3=1.13 A=$440 tp4=1.6 C=$830 tp5=2.24 C=$7500
X345 cypher harmonic pattern: 3-4=0.61 X-3 4-5=1.41 3-5 target=2 4-5=$0.28 other possible reverse points with ABC harmonic patterns: cypher: BC=1.41 AB=$2.02 shark: BC=1.6 AB=$0.73
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...
positive divergence on weekly and monthly time frame shows a long-term uptrend.
$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...
cup handle formation support level are holding strong ( 1and 2 red trendline) Price bouncing back to resistance ( major ) (Earning reports in 4 days ) +ve report will allow buyers to purchase more price will be unfolded on monday.