$Trump Media & Technology(DJT)$
🅱🆄🅻🅻🅸🆂🅷 🅵🅾🆁 🆃🅷🅴 🎺
A potential parabolic set up. Should I buy? ⁉️ I'll ask AI @TigerGPT
🚀🚀🚀 DJT: The Parabolic Profit Ride – Can You Handle It? 🚀🚀🚀
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 there’s no ignoring the political drama surrounding it. With Trump and Vance in the mix (who, let’s face it, make me want to build a time machine & fast forward through the 1950s mindset 🐽🕰️🐷), I’ll need to hold my nose 👃and focus on the profits!
📈 DJT Fibonacci Levels: The Key to Your Next Trade
Here’s your cheat sheet of the Fibonacci levels in dollar values to guide you:
🔵 23.6% retracement: $17.80 – The first level where bulls could step in.
🟢 38.2% retracement: $16.50 – A solid level for a pullback entry.
🟣 50% retracement: $15.75 – Critical halfway point; this is where the big decisions get made.
🔶 61.8% retracement: $14.60 – The golden level for an optimal bounce if DJT pulls back.
📊 100% extension: $22.80 – The first major target.
📊 1.618 extension: $30.10 – 🚀 The ultimate moonshot! If this happens, we’ll all be popping champagne!
📊 Technical Indicators: All Systems Go!
DJT’s current price is at $20.55, and the technical indicators are strong:
• MACD (12,26,9): Bullish crossover confirmed, signalling upward momentum.
• RSI: With an RSI at 64, there’s still room for gains before overbought conditions kick in.
• Chaikin Money Flow (20): With institutional money flowing in at 0.3, the smart money is betting on DJT.
💼 Institutional Backing: The Big Money’s in the Game
Vanguard and BlackRock are throwing millions behind DJT:
🟢 Vanguard Group Inc: 2.88 million shares
🟢 BlackRock Inc: 2.18 million shares
🟢 Susquehanna International Group LLP: 1.06 million shares
🔥 Election Volatility: The Wildcard Factor
Election 2024 is tightening, with Kamala Harris narrowly leading Trump 50% to 49%. As much as I’d 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.
🎯 Profit or Principle?
Here’s where it gets personal: Trump and Vance; with their outdated, sexist views, make my skin crawl 🤮. But short-term profits from DJT’s technical setup? That’s something I can’t ignore. So, do I hold my political gripes and chase the Fibonacci gains, or sit this one out for my principles?
💬 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?
🧠 TigerGPT: Could election volatility impact institutional support for DJT, and will it push or hinder the stock’s parabolic rise?
Profits call, though Trump’s a pain, Vance’s views make myself and Swifty strain🤮This trade goes against the grain but short-term wins keep me in the game, though values clash, I’ll take cash 💰💰💰just the same!
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @Daily_Discussion @TigerWire @TigerPicks @TigerStars @TigerPM
"DJT" Stock Continues Rally After Elon Musk Joins Trump Onstage in Pennsylvania
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Trump Media & Technology (DJT) - Earnings Analysis
Trump Media & Technology Group (DJT) reported its latest earnings for the first half of 2024 (2024H1). Here are the key points:
Earnings per share for 2024H1: -$2.67
Return on total assets for 2024H1: -191.01%
Net assets per share for 2024H1: $1.78
Net profit for 2024H1: -$343.97 million
When comparing the earnings of 2024H1 with previous periods, we see a significant decline in earnings per share and return on total assets. These figures indicate a challenging financial performance for DJT.
It's worth noting that DJT's financials have shown negative results in the past, with a net loss of $58.19 million in the previous fiscal year (2023FY) and a net loss of $49.01 million in the last reported period (20239M).
Relevant Article: According to a recent regulatory filing, the Chief Operating Officer (COO) of Trump Media & Technology Group, DJT's parent company, has resigned. This news could impact the stock and investor sentiment. Read more
Disclaimer: The above analysis is for reference purposes only and should not be considered as investment advice. Please conduct thorough research and consider your risk tolerance before making any investment decisions.