jmalone1224

$DGLY bouncing

Long
BATS:DGLY   DIGITAL ALLY INC
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0
Taking a look at this weekly chart you can see the bigger picture. This is a classic bounce (hopefully; don't want to catch the falling knife). Looks like $DGLY will retest 0.382 Fib Retrace, which is a pretty standard entry / re entry area. I do believe $DGLY will be back in the Teens in no time - due to the MA's crossing, the 100-day starting to straighten out then curl upwards. As well as the outlook that the Company will continue to build, market, sell and profit on their products as well as refine and upgrade them while maintaining and getting new contracts well into 2014. Could have had a better entry point on this but, I'm not worried. Not a RIA. Make you own luck.

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What are your thoughts on this one now? More upside?
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Strong buys into the close yesterday set up this 14% (as of right now 11:34) move. Today: A 14% move with 2x as much volume as 10-day avg. For me, tomorrow will confirm the trend change; some of you may have your confirmation with the high volume.
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