Trading Signals

Why Digital Ally Inc [DGLY] Could Double in Price Short-term

Digital Ally Inc [NASDAQ:DGLY] has been gaining upside momentum for the last couple of days. At the moment, the price action points to the early days of a bull run. If bulls control the price and push it past the $4 resistance, then the stock could easily double its current price and test $6. Volumes are quite high too, an indicator that bulls are firmly in control of the trend. If the trend holds in the day, investors chasing gains could jump at the opportunity and further drive up the price in the short-term. Besides the positive price action that