$Trump Media & Technology(DJT)$
๐ ฑ๐๐ ป๐ ป๐ ธ๐๐ ท ๐ ต๐ พ๐ ๐๐ ท๐ ด ๐บ
A potential parabolic set up. Should I buy? โ๏ธ I'll ask AI @TigerGPT
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Hereโs where it gets personal: Trump and Vance; with their outdated, sexist views, make my skin crawl ๐คฎ.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?
๐ง TigerGPT: Could election volatility impact institutional support for DJT, and will it push or hinder the stockโs parabolic rise?
Profits call, though Trumpโs 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 @TigerWire @TigerPicks @TigerStars @TigerPM
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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.