10 Day (1hr Chart) Outlook on $DGLY is looking hopefull
I 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.
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.