Oh Please Stop, This is the same idiot who wrote a month ago.
From a technical perspective, DSS ripped higher here right above some near-term support at $1.45 with above-average volume. This stock has been downtrending badly for the last three months, with shares dropping from its high of $3.64 to its recent low of $1.37. During that move, shares of DSS have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of DSS have now started to rebound off that $1.37 low and it's now quickly moving within range of triggering a near-term breakout trade. That trade will hit if DSS manages to take out some near-term overhead resistance levels at $1.75 to $1.88 with high volume.
Traders should now look for long-biased trades in DSS as long as it's trending above some near-term support levels at $1.45 to $1.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 472,073 shares. If that breakout triggers soon, then DSS will set up to re-test or possibly take out its 50-day moving average at $2.05 to its next major resistance area at $2.30. Any high-volume move above those levels will then put its 200-day at $2.39 or $3 into range for shares of DSS.
Yeah, but that was before the FB LNKD Markman was rescheduled to Feb. Hey, wait a second. Aren't you the idiot that assured everyone that the rescheduling hearing for Aug. 30 didn't apply to FB LNKD after I posted that it did?
Traders should now look for long-biased trades in DSS as long as it's trending above its 52-week low of $1.08, and then once it sustains a move or close above Thursday's high of $1.33 with volume that hits near or above 540,666 shares. If we get that move soon, then DSS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $1.54 to $1.68. We could even see DSS tag $1.75 to $1.88 if it bounces higher from here with volume.