Fundamentals :
Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered...
Currently residing in a weekly orderblock with expected positive earnings and continued momentum by DAKT(Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide.
The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light...
This has been moving up steadily since the first time I picked it in 12/20. Currently it looks to be setting up to retest the prior high of 7.23. Price closed above the .78 fib and the RSI and the MACD are looking good.
Resistance: 7.23
Targets: 7.23, 7.95, 8.55
the set up is there
but the market is rough and choppy
be careful on entry and remember OPEX
looks for the best entry (i like 20 EMA, when possible) and ride out the golden cross for 10-20% gains
can take up to 25 days for this to get all its gains, its hard for folks to see a "red" stock in their port temporarily. If that's you, this is not the trade for you.
Daktronics is leader is electronic sign manuf., but cash flow is negative for past year and not good sign.
See Fib's going distance to high 5ish-low 6's. LED signs should be crushing it, otherwise DAKT as
small-cap better off being acquired. A Sign DAKT needs to get cash management fixed.
$DAKT has spiked nearing the $10 level, looking for the short in the morning, I have a loose stop because it could pass through the 10 dollar area and spike into the resistance last year. but if it goes above 10.30 then I'm out, but I will build into a short with the 10.30 area being my exit point.
$DAKT is way over extended and has 9.50's as a resistance right over head. I'll be watching for a spike in the morning up into the 9.50's level to go short into, or if it gaps down then i'll base my risk off of yesterdays close. Looking for the pullback
DAKT has broken the descending channel on 4h chart with a gap and run pattern. Bullish divergence and huge spike in volume. I'm expecting more upside. Let's see if it goes straight up or if it tests the breakout area first. Potential gain around 30%.
