"DGLY" PRICE TARGET $3.27: BULL RUN TECHNICAL ANALYSISNASDAQ:DGLY DGLY, solid company with positively growing financials, YoY revenue growth and YoY Free Cash working towards breaking through negative to positive. Current business model and market position has potential for 2-3 decades at least of continued use case. They report earnings in 4 days and should not only beat expectations but also give guidance of improved company revitalization to strengthen and grow.
Short term price targets as followed...
*50 day MA Upper Resistance $0.0530
*3 Month Fib retrace $0.103
*YTD MA and Short Interest gap $0.1314
---> triggers break out to $1.96-$3.27
DGLY trade ideas
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.
DGLYIDEADigital Ally, Inc. produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording. It also provides VuVault.net, a law enforcement cloud storage solution; FleetVU Manager, a web-based software for commercial fleet tracking and monitoring; ThermoVu, a non-contact temperature-screening instrument that measures temperature through the wrist and controls entry to facilities when temperature measurements exceed pre-determined parameters; and shield disinfectants and cleansers, as well as other personal protective equipment and supplies, such as masks and gloves to health care workers and other consumers. The company sells its products through direct sales and third-party distributors. Digital Ally, Inc. is headquartered in Lenexa, Kansas.
Rectanglular ChannelI like this company. It can have scam wicks going higher than my targets, but this is a very low risk set up right now. Set the stop loss @ $1.73-$1.70. It's pretty over sold, bottom of channel. All news has been good, like most things last week suffered. It's probably a quick 50% bump.
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
DGLY ready for takeoff, watch for the squeezeHi guys,
I haven't posted anything in a while. This is the latest stock I am watching. I personally do not know any of the fundamentals about this company. I am purely looking at this chart, and it is looking very nice. It is holding above the 200 SMMA, and bouncing quite nicely off this trend line on the daily chart. A perfect entry would be around $2.35 - $2.45. You could buy in now, but you would assume more risk. I would not hold this stock if it broke hard below the trend line it has established. I could see this stock breaking $4 again soon. If we get a big enough move, it will squeeze the shorts and push price up to $10 or more. I have been watching the daily short interest on this stock and it's right around 50% lately. Someone get Wall Street Bets on the phone so we can run over some more hedge funds. Happy trading everyone!
- Matt
$DGLY can rise in the next daysContextual immersion trading strategy idea.
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.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,05 ;
stop-loss — $2,72.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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