LeLaf

DGLY indecision, Descending triangle + Failing wedge

NASDAQ:DGLY   DIGITAL ALLY INC
104 3 1
DGLY             is currently in a down trend that made it fill the Sept 2nd gap.
It currently has 2 major opposing patterns.

RED: Descending triangle , continuation down trend pattern, not confirmed. Must break RED C-D for confirmation. Target is 3,63$. It also corresponds to August support line.

PURPLE: Failing wedge , reversal pattern, not confirmed. Must break PURPLE C-D for confirmation. Target is 33,64$ if confirmed, This target corresponds approximately to 1 year high.

I have a bias opinion towards the short option in RED. I do not believe that DGLY             is likely to return to its 1 year high that quickly.
On the other hand, profit taking has been going on for the last two weeks on descending volumes. Investors that bought too high are now ready to leave and take their loss.

Waiting a bit longer to see which prediction will take effect.
20% of goal made.
Reply
Seeing a little green today. Not making money right now.
Reply
Well I think the down trend will continue. Shorting it.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out