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%.