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DWAC

DJT falls on stratospheric valuations SHORTDJT, the Trump media company, had a massive run up after the DWAC merger only to fade and fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in meme fashion but is now falling as fundamentals come to light. In five months the namesake will be able to sell if there is any remaining value. In the meanwhile, the board will likely refuse an early sell permission because that would like cause a " long squeeze". DJT is a good short right now no matter the locate and carry fees which are very high. I was long DWAC and am now short DJT using the profits from the merger volatility. Selling volumes are rising showing the longs are beginning to get squeezed. The relative trend indicator shows a strong move down.
NASDAQ:DJTShort
by AwesomeAvani
7
🚨$DJT: It's Not Over Part 2! Update! Hey everyone, As mentioned earlier, DJ:DJT showed potential for a bullish move with a weekly crossover above the monthly, signaling strength in the coming weeks/month. On Friday, DJT achieved the weekly crossover over the monthly for the first time! When MTTSA indicators crossover to the upside, it indicates a significant price acceleration. For instance, in January, when the hourly crossed over the monthly, the price surged by approximately 100%. Subsequently, when the daily followed suit, the stock experienced another robust uptrend. Our initial price target stands at $57. We anticipate some resistance at this level, although the stock has already breached the 0.236 and tested the 0.382 levels. A decisive breakthrough from here would likely lead to tests of the 0.5 and eventually the 0.618 levels. It's worth noting that there's a gap to be filled around $61. Metric Pro indicator is suggesting that liquidity is very good and price will continue to the upside. In conclusion, we're keeping an eye on the daily for support, with significant support levels at the weekly and monthly. It turns out, the markets don't really care about your thoughts and feelings because the algorithm is pointing a bullish run very soon. Stay tuned!
NASDAQ:DJTLong
by SierrasTrades
12
🚨$DJT: It's Not Over Yet! 🚀🚀🚀Hi everyone, Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below the daily level, the monthly level could offer support. Let's see where this goes in the next few weeks. Good luck!
NASDAQ:DJTLong
by SierrasTrades
40
DWAC shareholders & Trump approve merger then fake news LONGDWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff writer has an article: Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great. The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public. The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems. My review of the chart is that DWAC underwent normal volatility going into a merger vote without complications. The volatility is healthy and traders/investors are contesting fair value. Share price is the same as it was two weeks ago. Astute traders may consider this a discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He cannot sell shares to fund legal proceedings and their costs for six months. The writer who I have not named, in my opinion only, does not know jack____. He is simply trying to put up a headline gets some reading volume and capitalize on it. He should get one of the stock analysts that consult on his network to give him an education and then publish a retraction. The headline might be " This clueless writer but out fake news and is now better informed. He apologizes to the subjects of that fake news" Enough said.
DLong
by AwesomeAvani
14
DWAC Acquisition Faces Rollercoaster Ride Amid Trump Merger The tumultuous journey of NASDAQ:DWAC stock, the special purpose acquisition company (SPAC) aiming to take former President Donald Trump's tech and social media platform public, continues to captivate investors amidst a whirlwind of events. From surging highs to staggering lows, the stock's trajectory reflects the intricate interplay between market expectations, legal challenges, and the enigmatic allure of the Trump brand. In recent weeks, NASDAQ:DWAC shares have faced downward pressure as traders grapple with the implications of Trump's financial struggles. Amidst mounting concerns, the stock plunged to a monthly low of $32.25 before staging a partial recovery to $36.42. However, buoyed by optimism surrounding the pending merger with Trump Media & Technology Group (TMTG), DWAC saw a resurgence in pre-market trading, reaching a high of $38. The merger between NASDAQ:DWAC and Trump Media has been fraught with controversy, marked by lawsuits, regulatory scrutiny, and speculation surrounding the viability of Truth Social, the conservative social media platform owned by Trump Media. Allegations of stock grabs, legal battles, and Trump's efforts to secure substantial bond funds to appeal a civil business fraud judgment have added to the uncertainty surrounding the merger. Despite the challenges, NASDAQ:DWAC shareholders are poised to vote on the merger with Trump Media on Friday, signaling a pivotal moment in the company's trajectory. If approved, the merger could see Trump's stake in TMTG valued at a staggering $4 billion, a testament to the enduring allure of the Trump brand in the eyes of investors. However, DWAC's fortunes remain intrinsically linked to Trump's political ambitions and legal battles. The former president's status as the top Republican candidate for president has fueled optimism among investors, with hopes of a Trump victory in the election potentially driving further gains for the stock. Yet, concerns linger over the impact of federal charges and ongoing legal battles on the Trump brand and, by extension, NASDAQ:DWAC stock. Despite a recent decline in March and a substantial drop from its peak in October 2021, DWAC shares remain up 128% in 2024, underscoring the enduring interest in the company's potential. As NASDAQ:DWAC navigates the choppy waters of Trump's financial woes and legal challenges, investors remain on edge, eagerly awaiting the outcome of Friday's merger vote and the subsequent implications for the company's future. With volatility likely to persist in the short term, DWAC's journey serves as a testament to the unpredictable nature of the market and the enduring fascination with the Trump phenomenon.
DLong
by DEXWireNews
PHUN Stock Surges Amidst Trump-Related Developments: A Deep DivePhunware Inc. (NASDAQ: NASDAQ:PHUN ) has witnessed a dramatic surge in its stock price, fueled by a flurry of developments in the political and corporate landscape. As investors react to key events surrounding Donald Trump and the SEC-approved SPAC merger involving Trump's media company, PHUN shares have soared by over 50% in recent days. Rallying on Political Winds: The surge in NASDAQ:PHUN stock coincided with significant political victories for Donald Trump, including a favorable ruling at the Supreme Court and the SEC's approval of the SPAC merger between DWAC and Trump's media company. While Phunware may not directly benefit from Trump's presidency, its association with his past campaigns as a web and app developer has undoubtedly caught investors' attention. Trump-Related Synergies: The approval of the DWAC merger and the subsequent surge in NASDAQ:DWAC stock have indirectly bolstered Phunware's ( NASDAQ:PHUN ) fortunes, given its historical correlation with Trump-related stocks. However, questions linger about the lofty $10 billion valuation assigned to Truth Social, especially considering its ongoing losses and competitive challenges in the social media landscape. Financial Prospects and Market Sentiment: As Phunware ( NASDAQ:PHUN ) prepares to release its financial results, analysts are closely monitoring revenue expectations amidst a shifting economic landscape. While revenue projections for Q4 indicate a slight decline compared to previous quarters, investors remain optimistic about Phunware's growth prospects, buoyed by its strategic positioning and potential synergies with Trump-affiliated ventures. Navigating Uncertain Terrain: Despite the recent surge, uncertainties loom over Phunware's future trajectory, particularly in light of evolving market dynamics and regulatory scrutiny. As the company navigates through this volatile terrain, prudent financial management and strategic decision-making will be crucial in sustaining momentum and delivering long-term shareholder value. Conclusion: In conclusion, Phunware's meteoric rise amidst Trump-related developments underscores the intricate interplay between politics, corporate strategy, and market sentiment. While the immediate catalysts driving the stock surge are clear, the long-term implications remain subject to broader macroeconomic trends and regulatory factors.
NASDAQ:PHUNLong
by DEXWireNews
1
$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021. Based on the the 1st two days of trading, the Fibonacci levels don’t lie. So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start. Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries. $442 is not an unreasonable price target based on its action. This may very well be the Gamestop of 2024. NASDAQ:DWAC
DLong
by jgeno
17
DWAC Riding the Trump Wave and the Truth Social Revolution In the wake of former President Donald Trump's resounding victory in the Iowa caucus, Digital World Acquisition Corp. (NASDAQ: NASDAQ:DWAC ) has emerged as a major player in the evolving landscape of media and technology. The SPAC's significant rally, soaring over 50% since Trump's triumph in Iowa, and an additional 10% in premarket trading on Monday, January 22, signals a growing investor interest and confidence in the company's prospects. NASDAQ:DWAC is on a mission to merge with Trump Media & Technology Group, the brain behind the Truth Social app, and the potential alignment with the former president's political trajectory adds a unique dimension to its growth story. The Trump Effect: The Iowa caucus results, where Trump secured an unprecedented victory with a staggering 30-point margin, have sent shockwaves through the political landscape. As political heavyweights like Ron Desantis and Nikki Haley acknowledged Trump's dominance by endorsing him, NASDAQ:DWAC found itself in a fortuitous position. With the likelihood of Trump becoming the Republican nominee, NASDAQ:DWAC 's connection to Trump Media & Technology Group and the Truth Social app positions the company as a key beneficiary in the lead-up to the election. Truth Social's Potential Acceleration: If Trump secures the Republican nomination, as many indicators suggest, it could usher in a new era for Truth Social. The platform, designed to provide an alternative to mainstream social media, could experience accelerated adoption as Trump's political influence grows. NASDAQ:DWAC 's strategic positioning in this narrative makes it a compelling investment, with the potential for exponential growth as Truth Social gains traction among conservative audiences seeking an alternative space for discourse. Technical Outlook: From a technical perspective, DWAC's current trading position near the top of its 52-week range and above its 200-day simple moving average reflects positive momentum. Investors are actively driving up the share price, indicating a bullish sentiment. This upward trajectory suggests that market participants believe in the future value of NASDAQ:DWAC , further solidifying its position as a stock with growth potential. Conclusion: Digital World Acquisition Corp. stands at the intersection of politics, media, and technology, presenting investors with a unique opportunity to capitalize on the Trump effect and the potential success of Truth Social. As the political landscape evolves, NASDAQ:DWAC 's strategic alignment with Trump Media & Technology Group positions it as a key player in the unfolding narrative. With a positive technical outlook and the potential for Truth Social to gain momentum, NASDAQ:DWAC emerges as a compelling investment choice for those seeking exposure to the dynamic convergence of politics and technology. As investors continue to push the stock higher, NASDAQ:DWAC 's journey promises to be one worth watching closely in the coming months.
DLong
by DEXWireNews
DWAC11.18.22 DWAC I did not intend to give a sermon tonight. About that, I'm thinking it's a hormone imbalance, and will probably improve if I take some chocolate covered raisins. I think this Market is a great opportunity to learn that markets are not exactly as random as you think they are. In fact, you may Learn that there are market behaviors design to help you make the wrong decision. If you begin to accept that possibility, then you can adjust your decisions to avoid losing opportunity.
D
by ScottBogatin
DWAC11. 9. 22 DWAC Assuming that this is a spike, how would I handle this market? I didn't really plan to talk about this market, put some markets can be very confusing, and they might make an Abrupt move in one direction or the other, and then you're wondering what you should do. There is this sudden, significant move in one direction>>> do you go long, or do you go short? What should your stop be, and what should your target be? I thought I would take a stab at this. I need one more bar it doesn't exist yet. Let's see what happens. When I started this video, I essentially started the analysis. For example, I had no idea that there was a reciprocal pattern to the left. However, I always look to the left. When I started the video, I knew I would be focused on the next bar which has not yet occurred. However, I forgot to put in A Fibonacci retracement.... which is near the 382. If I were framing this and not talking about it, it would take about 3 to 5 minutes burlesque. It doesn't take the amount of time I have a 19 minute video. So the trade decisions happened fairly quickly, and in this case, I would like to be looking at the market at the open. If I don't do the preview.... I'm not prepared for the open, and I won't know that there's a possible trade. The beautiful thing is no, I don't have to take a trade if I'm not comfortable for it. I will try to give a follow-up, but I'm not at signal service.
D
by ScottBogatin
1
DWAC - there might be room to build on today's 63% gainOne of the challenges many traders face is buying into the idea that something has moved too far for them to get on board. Often viewed as 'overbought' or 'oversold.' I don't buy that idea. Oscillators are nothing more than a derivative of price and offer no insight. Rather, when a market moves out of an area of congestion and takes out key levels, it provides far more upside than we would normally expect. Case in point here. At a minimum, 33.26 (RED) is the minimum upside objective, with 36.70+ (PURPLE) not out of the question.
DLong
by AspenTrading
1
I'm eyeing these $DWAC targets in the short termI spot a 50% fibonacci retracement- a non/inverse fibonacci sequence, that falls right over the trend line present in the larger zoomed out view of the entire price history movement. The fibonacci extensions are marked. I'm eyeing the first extension, the 618 placing the price at $35.75. I can see a scenario here where real selling happens and the price tumbles to the very lowest of the inverse fib extensions on the overall price action- although I am not necessarily leaning towards that outcome, giving the placement of the trendline and the price being right up on it. That said, a new trend line anchor can be easily put in place following this next move up. *Not trading advice.
DLong
by UnknownUnicorn1935796