DGLY Digital Ally Inc -Body Cam Breaks Out Historical JULY 1st
I keep hearing that all the HYPE is gone from DGLY Digital Ally now that the riots are loosing steam in the news. It's true, without continued news the shorts had a field day over the last 2 weeks with this stock driving price which was holding nicely around $4. To be fair, i've been in and out of this stock any time it touched $5.50 and buying sub $3.50 dips. BUT, heres why 
DGLY is much more than a hyped body cam play.
1) As you see on the chart, for the last 4 years Digital Ally has seen a significant spike historically on the first week of July. This coinsides perfectly with what is happening right now in 2020.
CHECK: Here we are about to hit first week of JULY and DGLY is very vocal. Big Teleconference webinar planned for tomorrow morning.
2) Since the ferguson incident, there is no doubt that this symbol runs like crazy with pro body cam new on the back of rioting or police incidents that be come public.
CHECK: It's not off the radar that daily people are pushing for police reform federally and new stories are hitting the news cycle of racial injustice.
3) DGLY has struggled to compete with AXON over innovative tech and lawsuits. This stunted growth while AXON took off. DGLY is innovative and with a pivot could out pace AXON.
CHECK: Digital Ally as of this morning just received a massive patent approval for an innovative new camera setup that others will be chasing.
4) Infrastructure for bigger contracts. They have not announced any large contracts that are of real significants compared to their competitors. But they will.
CHECK: DGLY is a big offering last month to raise money for inventory, production and infrastructure. Being able to fill a big contract fast is critical. They also just released a shelf offering which will give them the ability to raise needed capital slowly without drastically tanking the stock price. This is good for cashflow.
5) There is a reason why larger funds are bumping their price target for Digital Ally to $5 yesterday. This patent + teleconference tomorrow + news + patent is the perfect powder keg for a big move first week in JULY. You can see the price levels here. I agree, $5 is a safe target with a very real $6.5 target. If for some reason, the police reform bill passes this week or another tragic racial news story becomes viral and inflames the protests again... you better believe this stock will see double digits again quickly.
DGLY is much more than a hyped body cam play. 1) As you see on the chart, for the last 4 years Digital Ally has seen a significant spike historically on the first week of July. This coinsides perfectly with what is happening right now in 2020.
CHECK: Here we are about to hit first week of JULY and DGLY is very vocal. Big Teleconference webinar planned for tomorrow morning.
2) Since the ferguson incident, there is no doubt that this symbol runs like crazy with pro body cam new on the back of rioting or police incidents that be come public.
CHECK: It's not off the radar that daily people are pushing for police reform federally and new stories are hitting the news cycle of racial injustice.
3) DGLY has struggled to compete with AXON over innovative tech and lawsuits. This stunted growth while AXON took off. DGLY is innovative and with a pivot could out pace AXON.
CHECK: Digital Ally as of this morning just received a massive patent approval for an innovative new camera setup that others will be chasing.
4) Infrastructure for bigger contracts. They have not announced any large contracts that are of real significants compared to their competitors. But they will.
CHECK: DGLY is a big offering last month to raise money for inventory, production and infrastructure. Being able to fill a big contract fast is critical. They also just released a shelf offering which will give them the ability to raise needed capital slowly without drastically tanking the stock price. This is good for cashflow.
5) There is a reason why larger funds are bumping their price target for Digital Ally to $5 yesterday. This patent + teleconference tomorrow + news + patent is the perfect powder keg for a big move first week in JULY. You can see the price levels here. I agree, $5 is a safe target with a very real $6.5 target. If for some reason, the police reform bill passes this week or another tragic racial news story becomes viral and inflames the protests again... you better believe this stock will see double digits again quickly.
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