Welllll,
I don't know who Joe is and not sure I trade in any stocks that would be promoted by someone other than a professional IR/PR firm. There is absolutely no mystery as to why DSS is where it is currently at.
1. Large Selling by financial investors. (Confirmed by company) I take my hat off to DSS for even making that public.
2. Merger complete and 16M new shares added to float.
3. They occurred at the same time.
From a technical stand point in any stock, after a large run up or sell off, consolidation must occur. During that consolidation, investors/traders make a decision on which direction they want to go. If more guys want to ascend then we go bullish, if more guys want to go lower we become bears. A lesson I learned over 20 years ago was that 95% of the time it is simple market mechanics that decide what a stock will do. Now if you are in OTC and Pinks then that is a whole other conversation. Until you are on the main exchange there is always a certain level of manipulation.
I stated back last week that the signal would be less than 200K in the first hour and 300-500K total daily volume. I use formulas to determine that and not who is possibly influencing the stock. Yesterday was the first day this occurred. I will always look for a confirmation day to follow up. A TA trader (I include myself) is like an economist; You line up 10 economists and ask them why the market is going down they will give you 10 different answers. The interesting thing about most charters is they all will get to a tight range but all probably used different ways to get there.
Here is my TA prediction:
Consolidation: 1.68-1.72
Breakout-1.73-1.75
Support:1.66
Gaps to fill: 1.74-1.80, 1.81-1.98
