DGLY is due for a correctionDigital Ally, has had a bit of a slow motion pump after earnings in mid-May. Insofar as the
earnings go, there were none. The news is DGLY is burning cash less than expected. No matter
how you cut it shareholder value is not there and still the price went up since then especially
in the last few trading sessions. DGLY could dilute shareholders to raise capital. Insiders
could be manipulating the price. According to FinTel, there are 12 insiders who own 7.7% of
the shares. Seemingly, if they act in a coordinated scheme without any paper trail they could
have run the price up especially if they got help with one of the several penny stock trading
rooms with lots of followers. Overall, this looks like a pop and drop pumped up and ready
to flush. I will take a short trade of put options on this expectant for a quick profit over
a week or two.
DGLY
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
Bullish EOD push for DGLYOn the left we have the bigger picture of a parabolic rise building up (see my linked chart on DGLY). But I also wanted to add on the right an Ellliott Wave count for the past week. I think today's mid afternoon reversal and subsequent EOD push on strong volume is significant and gets us closer to that parabolic rise I'm looking for.
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 Support Levels, Looking to BTD around $3.60 ($AOBC, $Riot)Read more at www.tradingview.com
My target price on this stock is around $7.
I Already sold half yesterday and am looking to buy back in around $3.60
Why this play?
social unrest play due to
George floyd Died: May 25, 2020 , i think the longest the riot would go on for is probably a month.
I would not hold this stock dgly pass june 25 because once the riot die down, the stock will die down too
www.engadget.com
Entry $3.60
Target $7.00
Stoploss $2.00
What is DGLY?
Digital Ally, Inc. produces and sells digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products include an in-car digital audio/video recorder that is contained in a rear view mirror for law enforcement vehicles and commercial fleets; and hands-free automatic activated body-worn cameras and in-car video systems, as well as provides its law enforcement customers with audio/video surveillance from multiple vantage points.
$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.
$WPCS - How long till this gets momentum again?With improved earnings, and an increasing stock price 50% up since the start of the month
Surly its cant be too long before the pumpers are ramping this again