To The Moon

$Trump Media & Technology(DJT)$ 🅷🅾🆆 🅷🅸🅶🅷 🅲🅰🅽 🅸🆃 🅶🅾?📈🚀💰🔺🤣 Should that be the ❓Potential parabolic set up on my chart⁉️ I opened positions in the mad world of the 🎺

🚀🚀🚀 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Here’s where it gets personal: Trump and Vance; with their outdated, sexist views, make my skin crawl 🤮.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?

@TigerGPTCould 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 🍀

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