Shared by:
ivanka_BOWS
ToS: Digital Ally (DGLY) shares gained 17% in trading Monday after announcing it has been awarded GSA status by the U.S. General Services Administration, the procurement arm of the government. According to the company, the five-year contract lets federal, state and lack government customers purchase wide range of Digital Ally video evidence collection and management products and services.
Setup - PR breakout - long
Daily chart - DGLY was this morning gapper and had about 18.5% run in the premarket.
Intraday (5-min) - It had a two 5-min candle run up, and three 5-min candle orderly pullback to the vwap and 9 EMA. I entered as a first pullback buy with a stop right under 9 EMA (about 10c below my entry price)
Entries: $13.58
Stop: 10c (at $13.48 right under 9 EMA)
Target: $14, ideally $14.30 where previous high of day was
Exit: scaled out quickly because of a big selling pressure
Click on my scheen shot below:
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!