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DWAC

DWAC (Truth Social) Looks Ready To Recover (200% Potential)Truth Social SPAC DWAC looks about ready to recover. A very strong correction took place since early March this year that resulted in a total 78.40% loss of value. Now we are getting early signals that things are about to change. The current price action smells to liquidity hunt. A break below support just to quickly reverse. As usual, bottomed out; Very low risk with high potential rewards. You can find the targets and stop-loss details on the chart. Namaste.
DLong
by AlanSantana
4
Elon's Effect"Truth Social is currently beating Twitter & TikTok on the Apple Store" this tweet from Elon Musk could be enough to pump it higher..! This is the effect of Social media, and Elon Musk knows it better than anyone else..! I believe SEC should investigate Buyers of (out of money call) options on DWAC..! A company with a 1.5 Billion USD market cap and less than 100 million USD average daily trade value could not be among the top 10 most traded options, unless..! I do not want to talk about what he already did in the Crypto market with Dogecoin, Bitcoin, or his famous tweet (Canada, USA, Mexico) But, How you can justify this: 1 day before he published his famous poll on Twitter, Tesla's options trading volume increased by 3.5x, and the TSLA Put/Call ratio jumped hugely..! (2.29) or his brother selling his stock just before a 37% crash: You may think I (the writer) am delusional, but what if I am able to explain the mathematical theory of Market manipulation by Social media..! What if that theory could explain the cornerstone of Robinhood or Wall Street Bets? Think about it. Think out of the box. Dig History, go back more than 100 years..! What if Elon just needs Twitter for Analysing its data and using its data in the Financial and Crypto Market??? I shared this before market opening today: Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
DEducation
by Moshkelgosha
6
If Elon redefines Twitter, what`s the purpose of DWAC anyways ??I first bough DWAC at $12: Thinking that Truth Social will take some market capitalization from Twitter and Facebook: But since Elon Musk wants and most likely Will buy Twitter and enable true free speech on the platform, where Donald Trump won`t get banned that easily, then what is the purpose of DWAC (Truth Social and the rest) anyways??? Ok, let`s say it`s a republican new media platform, but then how you justify the approx. 10 Bil market capitalization at the current price, after the merger??? To be honest, i think this stock could easily go to the $23.50 support and even lower than $10, like most of the SPACs, if they don`t deliver great news for the shareholders. Since the Musk takeover of Twitter, DWAC has already retraced significantly:
DShort
by TopgOptions
6
DWAC Donald Trump vs Elon MuskAfter it took some of the market capitalizations of both Twitter and Facebook: now Trump media is facing a real opponent: Elon Musk. one of the most admired men in the planet. Musk transformed TSLA into a cult, the first meme stock, before meme stocks were cool. And it looks like the only one who can save Twitter too. In which he bought a 9.2% stake, worth $3Bil. In this situation, considering also Trump`s appreciation for Putin and that the US should leave NATO, i think its SPAC won`t get too much sympathy in the near future. In fact, i even expect a retracement to the 23.50 support. and you know that i am not bias when it comes to the stock market. i was the first calling the 150 price target for DWAC (it reached $175): Looking forward to read your opinion about it.
DShort
by TopgOptions
15
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. From Trading Sim: You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level. After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DShort
by jaykenneyTRT
1
$DWAC - Trump Social Media is DoomedUPDATE 3/5/2022: DAILY DRAGONFLY DOJI The hits keep on coming for Donald Trump's signature social media application "Truth Social". According to The Daily Beast , "In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, “What the fuck is going on” with Truth Social. He’s repeatedly groused about the negative press and the less-than-stellar optics of the rollout, these sources said. And he’s demanded to know why more people aren’t using it—why the app isn’t swiftly dominating the competition." Dan Primack of Axios wrote a piece a few days back, "Trump's Truth Social bomb" . This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech". Back to the Daily Beast article released earlier today. There have been some indications through actual concrete analysis that the application is an overall failure. "But if the preliminary traffic numbers are of any indication, the former president and current wannabe social-media mogul has a point. The Daily Beast reviewed analyses of visits to Truth Social’s performed by SimilarWeb, which tracks website traffic from public and private sources. The company’s figures for the MAGA social network—while only an estimate based on incomplete data—are nonetheless anemic. Trump’s own social media platform is doing either worse or the same as other MAGA social sites like Gab—another pro-Trump competitor website that’s especially beloved by, well, Nazis—and Gettr, a platform fronted by one of Trump’s former top political aides, Jason Miller. SimilarWeb’s estimates show a sharp spike of around 2 million daily visits to the site when it first debuted, before traffic dipped to an average of approximately 300,000 visits each day, putting the site on par with Gettr. Meanwhile, the far-right Gab has averaged around 650,000 daily average visits in the same time period. As of Friday, Truth Social was the 72nd most popular free app in Apple’s AppStore, a far cry from Facebook (5th) and his formerly beloved Twitter (22), both of which booted the ex-president after the Jan. 6 Capitol riot. The relatively light traffic could be explained in part by Truth Social’s waitlist—MAGA fans who want to join the platform have now racked up a million-strong backlog of users looking to join during the app’s soft launch. The app is also only available on Apple devices, denying access to owners of Android phones. The extreme-right Gab, however, has managed to rack up twice the web traffic as Truth Social, despite its mobile apps being banned from both Apple and Google’s app stores." This is all adding up to disaster here for the Trump Media SPAC. What is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants." This wasn't the only piece of bad coverage the new app received since my last update. Politico's Ruby Cramer penned an article titled, "The Emptiness Inside Donald Trump’s New Social Media Platform". "The site promises a safe space for “free expression,” encouraging of “all viewpoints,” according to the welcome email, “as we do not discriminate against political ideology.” But inside the app, digital tumbleweeds blew through my feed. The site is a bit slow, and a bit empty. Its stalled roll-out, led by Devin Nunes, the Trump supporter and former Republican congressman from California, has become a source of frustration and confusion in MAGA-world, according to my colleague Meridith McGraw. Republican lawmakers like Marjorie Taylor Greene and Matt Gaetz and Kevin McCarthy already have accounts and appear to be posting similar or identical content to both Truth Social and Twitter, along with right-leaning platforms like Gettr and Parler. (Apparently, no one is quite ready to turn their backs on an actual audience yet.) But when they do finally get their welcome emails, the thousands of regular Trump fans still waiting in line, eager for their chance to search for truth, will find a Twitter knock-off with no immediately discernible improvement on the original — a vanity project that has yet to prove its utility." So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard. Trump's legal woes. Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump". In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office. So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges. 5. Data shows the app rollout is an absolute failure. This is stock is heading down back to the single digits. Short this play next week before you regret missing out. There is no legitimate bull thesis for $DWAC- no matter where your politics stand.
DShort
by jaykenneyTRT
22
Trying to pin down the DWAC trend.I like to do these "gesture drawing" lines. You can probably find really similar lines with complicated maths, but these are not meant to be precise. The horizontal lines are just support and resistance levels. The lines slanted down are bearish trend lines, the lines slanted up obviously are the bullish trend lines. The purpose of doing this is simply another way to visualize price action. Like all charting. Once in a while I find a line that wasn't immediately obvious but appears to have a type of gravity to it... in this chart, that is the yellow line. The way it contacts the top of the day 1 candle so perfectly, it reminds me of an old quote... “Give me a place to stand, and a lever long enough, and I will move the world. ” -Archimedes
DLong
by Narsty_Boy
DWAC Truth Social app launching on Presidents Day, Feb. 21If you haven`t bough DWAC at my fist call, before it skyrocketed to $180: Then you should know that Truth Social's app profile page App Store seemed to point to the service launching on Feb. 21: Presidents Day. even though i don`t see a necessarily a correlation between the ride of DWAC and the fall of FB and TWTR, this was a mk cap comparison: I think Donald Trump will keep the stock`s momentum before the launch. Trump made statements suggested that people are leaving other social media platforms in anticipation for Truth Social. My price target for Presidents Day, Feb. 21 is the $113 resistance. Looking forward to read your opinion about it.
DLong
by TopgOptions
2
DWAC Trump Media & Technology Group to rival Twitter & FacebookBesides the Ideological Investing as a strong push back against the “liberal media consortium” that banned President Trump, Twitter and Facebook retraced from their highs while DWAC was rising. Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement. The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. TRUTH Social will be a competitor to Twitter and Facebook . TMTG+ will compete with Netflix and Disney+. TMTG news will compete with CNN and iHeart Radio. They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal). Could this be the new Twitter / Facebook platform? Don`t know if you have seen my comparison here: or my first call on DWAC: Looking forward to read your opinion about it!
DLong
by TopgOptions
2