DGLY - Not just Bodycams - ThermoVu and Shield tooDGLY
Buyzone = 2.60 -2.47
Cost Avg Down (CAD) = anything below 2
1st Target = 5fib 2.89
2nd Target = 382fib 3.15
3rd Target = 236fib 3.47
HODL Target = 4+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Bodycams
DGLY: When will it jump up?As a scalper, my whole method depends on wedges, moving averages, trolling stocks and looking at the overall picture through indexes and daily-monthly views for things to take advantage of. DGLY or Digital Ally, the premiere body cam company, has been sinking for a while since June. However there is a noticeable trend; it tends to sink in August and go up in September. I marked those jumps on the RSI channel in red circles below the main chart. Will this make a move up? No clue, its getting very close at the end of my wedge and sinking through on my 200, 300, and 400 line right now. If it sinks below and fails its back test for the resistance. Its going to drop like a rock. We will have to wait til November when earnings hit to get a good scalp shot in. If it does stay above, we have a chance of this bouncing up. However moving average lines on the daily point to this baby plummeting back to either just little above $1 or below $1. at that point might as well take and hold until earnings. Its an easy scalp stock and unfortunately calls to action to reign in some police officer's trigger happy mood swings have still not been fast or effective enough. We are going to need those body cams and maybe more.
I say wait for the dip and buy at discount or you can have a really nice short here. Or...or if you really like to play risky...buy now and put a tight stop below. You will thank me later.
$DGLY (1hr Chart) - It's not looking so good short termI've been pretty bullish on DGLY over the last few weeks and really hoped @DigitalAllyInc would capitalize on the trend with more solid news and announcements from sales or contracts. My original PT has ranged from $5 - $6.5 and I still stand behind that value. It's become evident that the management, CEO and PR team just can not with any confidence produce the appropriate buzz for this stock to survive in a low volume, low news event situation. Therefore we are left with a now very evident downtrend in the 1 hour chart. I do not see this recovering without a catalyst and as of today we are retesting new low supports of $2.80. I think we will see this possibly retest $2.50 again before leveling off.
In that, I had liquidated 90% of my shares last week and have decided to purchase more down here in the sub $2.80 ranges as it dips to increase my position. I believe with all the politics and combustible relationships between cities and their law enforcements, it is only a matter of time before we see $DGLY come back to hold a +$5 PT for a considerable amount of time. It will then be on the company and their executive team to decide if they want to be a serious company and stay there or keep playing racecar wasting good ROI capital on horrible brand placement.
10 Day (1hr Chart) Outlook on $DGLY is looking hopefullI really have been giving $DGLY Digital Ally Inc. the benefit of the doubt. But as a 14 day swing it looks like there are several confluence points here. There is a $3.40 resistance level that we keep retesting and can not break through. It looks like the 60 day support level coming of of the Jun 1st low is holding and we will start moving up. If it breaks that support level and continues to retest the $3.00 horizontal support it may be time to bail.
Any good news from the $DGLY on contracts will help to build a volume base. Without constant positive news from this company, I don't think we will hold any significant uptrend without another major News Conflict involving police. Next PR will help to determine if I keep my position or drastically reduce it at the end of the week. I'll most likely carry a 10% position through the election in November due to the likelyhood that police action / reform will continue to be a hot talking point and could trigger a solid 2 day runner again up to $5-$7. I'm keeping my long term PT for Digital Ally at $5.50 but I don't expect to stay in long enough for their management and PR teams to get their act together.