Date : March 11, 2019

New Opportunity: DirectView Holdings Inc. (OTCMKTS:DIRV)

 

We have been on fire so far in 2019, as the market serves up one spectacular setup after another. Our new focus is on a microcap in the security and surveillance space that trades under the ticker DIRV.

 

DIRV shares are sitting at key support right now. The past two times the stock was sitting at this same level, we saw rallies of 400% and 75%. That same sort of result could be on tape once again. We will outline this opportunity below.

 

Symbol:  DIRV

Company:  DirectView Holdings Inc.

Quote:  http://finance.yahoo.com/q?s=DIRV

Latest News:  http://finance.yahoo.com/q/h?s=DIRV+Headlines

Website: https://directview.com/

Who is DIRV

Who is DIRV

 

DirectView Holdings Inc. (OTCMKTS:DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.

 

The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements.

 

The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites.

 

The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements.

 

This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations.

 

Recently, we have seen this company move into close proximity with the multi-billion dollar cannabis space, as well as ink a series of major new contracts with large-scale retailers. Naturally, this puts the company into the big leagues, as the market has started to see.

Recent Catalysts

The stock’s recent catalysts suggest that its core strategy has the potential to start paying off in a big way.

 

Most recently, the company announced that its wholly-owned subsidiary, Virtual Surveillance, has completed a surveillance equipment installation project for the Legacy Preparatory Charter Academy in the Dallas, Texas suburb of Mesquite.

 

According to the release, “the project was valued at just under $100,000 and consisted of providing and installing state-of-the-art surveillance cameras and access control equipment. Virtual Surveillance has been paid in full and will now provide ongoing maintenance, support, future upgrades where required and continue working towards further enhancements. The surveillance solution enhances the safety of students and faculty by providing real-time monitoring and access restriction.”

 

The company also recently announced that management is working diligently on the next stages of the previously announced letter of intent (LOI) to acquire 100% of the business assets of a nationwide, New York based, security, surveillance and low voltage supply company.

 

Just before that, the company announced that it successfully restructured all of its outstanding debt with an existing lending partner.

According to the release, “the company settled over $1.4 million dollars of convertible debt for an agreement to pay $1.2 million dollars cash over a three month period. As part of the settlement, the lender also agreed to an immediate lock up on all of its convertible notes and no further conversions.”

 

Roger Ralston, DirectView’s CEO stated: “DirectView’s ability to restructure our debt is of large importance as we continue our forward direction. Restructuring our current debt further supports our ongoing business plans, including our acquisition and organic growth strategy.” Mr. Ralston added: “We continue to invest heavily in people, process, and technology, with the goal of significantly transforming our industry and customer experience. I continue to believe the timely execution of our business transformation plans will drive our sales and gross profit results for 2018, while solidifying the foundation for future growth.”

Technical Analysis

DIRV shares have constructed a potentially bullish basing pattern as the stock tests key levels that should be very familiar to traders who have been involved in this stock on a tactical basis over the past year.

 

The RSI indicator is a good lens through which to perceive the action here, registering clear oversold levels three times in the past 8 months. The most recent member of that set occurred in the past few days. Prior to that, the stock registered that same signal in December and again in August.

 

More to the point, in both instances, the signal was registered at roughly the same price per share that we see defining the stock right now. In December, this resulted in a sharp rally of as much as 75%. Before that, from the same level, we saw rallies of as much as 1,025% and 400%.

About DIRV

DIRV (DirectView Holdings Inc.) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.

 

The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements.

 

The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites.

 

The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements.

 

This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations.

  • DIRV has put a huge number of major catalysts in play lately, including a potential uplisting, accelerating top-line growth, and new clients.
  • DIRV is making real money, with trailing revs already coming in at $3.5M.
  • DIRV is nearing the completion of a key acquisition that will grant the company 100% ownership of the business assets of a nationwide, New York based, security, surveillance and low voltage supply company.
  • DIRV has been testing key support that has launched the stock powerfully to the upside in each the past 3 instances of testing the same level.
  • DIRV just triggered a key oversold level according to the RSI indicator.

 

As discussed above, DIRV represents an interesting opportunity here as the stock tests key support where it has found powerful bullish energy in the past on a number of occasions, and just as the key RSI indicator is suggesting a potentially important signal as well.

 

That comes as the company nears the completion of an important acquisition and continues to expand its reach and breadth as a growing play in the explosive security and surveillance space.

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