$Trump Media & Technology(DJT)$ ๐ ท๐ พ๐ ๐ ท๐ ธ๐ ถ๐ ท ๐ ฒ๐ ฐ๐ ฝ ๐ ธ๐ ๐ ถ๐ พ?๐๐๐ฐ๐บ๐คฃ Should that be the โPotential parabolic set up on my chartโ๏ธ I opened positions in the mad world of the ๐บ
๐๐๐ DJT: The Parabolic Profit Ride โ Can You Handle It? ๐๐๐
Kia ora Tiger traders!
Get ready for an exciting but emotionally charged trade with DJT (Trump Media & Technology Group). The technical setup is flashing buy signals louder than a Tui on a sunny morning, but thereโs no ignoring the political drama surrounding it. With Trump and Vance in the mix (who, letโs face it, make me want to build a time machine & fast forward through the 1950s mindset ๐ฝ๐ฐ๏ธ๐ท), Iโll need to hold my nose ๐and focus on the profits!
๐ DJT Fibonacci Levels: The Key to Your Next Trade
Hereโs your cheat sheet of the Fibonacci levels in dollar values to guide you:
๐ต 23.6% retracement: $17.80 โ The first level where bulls could step in.
๐ข 38.2% retracement: $16.50 โ A solid level for a pullback entry.
๐ฃ 50% retracement: $15.75 โ Critical halfway point; this is where the big decisions get made.
๐ถ 61.8% retracement: $14.60 โ The golden level for an optimal bounce if DJT pulls back.
๐ 100% extension: $22.80 โ The first major target.
๐ 1.618 extension: $30.10 โ ๐ The ultimate moonshot! If this happens, weโll all be popping champagne!
๐ Technical Indicators: All Systems Go!
DJTโs current price is at $20.55, and the technical indicators are strong:
โข MACD (12,26,9): Bullish crossover confirmed, signalling upward momentum.
โข RSI: With an RSI at 64, thereโs still room for gains before overbought conditions kick in.
โข Chaikin Money Flow (20): With institutional money flowing in at 0.3, the smart money is betting on DJT.
๐ผ Institutional Backing: The Big Moneyโs in the Game
Vanguard and BlackRock are throwing millions behind DJT:
๐ข Vanguard Group Inc: 2.88 million shares
๐ข BlackRock Inc: 2.18 million shares
๐ข Susquehanna International Group LLP: 1.06 million shares
๐ฅ Election Volatility: The Wildcard Factor
Election 2024 is tightening, with Kamala Harris narrowly leading Trump 50% to 49%. As much as Iโd rather leave Trump and Vance in a black-and-white sitcom, DJT is reactive to political news. Expect election volatility to shake things up as we near the 5th of November.
๐ฏ Profit or Principle?
Hereโs where it gets personal: Trump and Vance; with their outdated, sexist views, make my skin crawl ๐คฎ. But short-term profits from DJTโs technical setup? Thatโs something I canโt ignore. So, do I hold my political gripes and chase the Fibonacci gains, or sit this one out for my principles?
๐ฌ Hey Tiger Traders! Are you targeting the 1.618 extension ($30.10), or are you holding out for a retracement before you jump in? How are you managing the political noise while focusing on your profits?
@TigerGPTCould election volatility impact institutional support for DJT, and will it push or hinder the stockโs parabolic rise?
Profits call, though Trumpโs ๐บ a pain, Vanceโs views make myself and Swifty strain๐คฎThis trade goes against the grain but short-term wins keep me in the game, though values clash, Iโll take cash ๐ฐ๐ฐ๐ฐjust the same!
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @Daily_Discussion @TigerGPT @TigerWire @TigerPicks @TigerStars @TigerPM
Comments
Company Profile: Trump Media & Technology (DJT)
Business Information:
Trump Media & Technology Group Corp. is a company based in Sarasota, Florida, United States.
The company's mission is to bring back people's voices through an open internet and counter the impact of Big Tech on free speech.
Trump Media operates Truth Social, a social media platform aimed at providing a safe harbor for free speech amidst increasing scrutiny and censorship by large technology companies.
The company was established on December 11, 2020, in Delaware.
The business area is primarily focused on the United States, with revenues of $836.90K in Q2 2024.
The company's executive team includes Devin G. Nunes (CEO, President, Director), Andrew Northwall (COO), Phillip Juhan (CFO, Treasurer), Sandro De Moraes (Chief Product Officer), and Scott Glabe (General Counsel, Secretary).
Shareholder Information:
The largest shareholder of Trump Media & Technology is Donald J. Trump, with a 58.93% shareholding ratio and 114.75 million shares.
Other significant shareholders include United Atlantic Ventures LLC, Patrick F. Orlando, The Vanguard Group, Inc., and BlackRock, Inc.
The float share capital of DJT is 69.74 million shares.
Financial Information:
The stock price of DJT is $21.79 (USD) as of October 9, 2024.
The support price of DJT is $16.75 (USD), and the resistance price is $39.25 (USD).
The average cost of DJT is $32.75 (USD).
The capital flow data for the past 5 trading days shows mixed inflows and outflows.
The capital flow data for the most recent trading day indicates a net inflow of $3.00 million.
Business Performance:
The business operating income and revenue breakdown by region are not available for analysis.
Executive Information:
Devin G. Nunes serves as the Chief Executive Officer, President, and Director of Trump Media & Technology.
Other executives include Andrew Northwall (COO), Phillip Juhan (CFO, Treasurer), Sandro De Moraes (Chief Product Officer), and Scott Glabe (General Counsel, Secretary).
Recent News:
Shares of Trump Media & Technology Group Corp. have experienced a rally, with a 5% increase in morning trading, following an appearance by Elon Musk alongside former President Donald Trump at a campaign rally in Pennsylvania. Read more
DJT stock surged by over 7% as investors reacted to the latest developments in the highly-anticipated presidential race between former President Donald Trump and incumbent Vice President Kamala Harris. Read more
DJT stock soared 5.17% as investors reacted to Vice President Kamala Harris' high-profile interview with CBS News' 60 Minutes. Read more
Please note that the above information is for reference purposes only and should not be considered as investment advice. It is important to assess the inherent risks in the stock market and consider your own investment goals and risk tolerance before making any investment decisions.
Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and the prices and performance of stocks can fluctuate. It is important to conduct thorough research and analysis or consult with a financial advisor before making any investment decisions.
๐คฃ Go blow that ๐บ Trump, you must be worth something at least. Go HARRIS! ๐บ๐ธ๐บ๐ธ๐บ๐ธ
๐บ๐บ๐บ Very funny BC!
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?