DWAC setting up for explosive continuation moveDWAC may be become the company that will disrupt the whole industry as we know. Please find below my view:
Fundamentals:
1. David Nunes left congress to become DWAC CEO. This tell us that things got very serious.
2. SEC investigation - I believe it's only temporary. I don't think that people who will be creating those platform, that may disrupt the whole industry would miss something that would put a majorn concern about the company.
3. Donald Trump presidential campaign - as many people speculate that Donald will enter into next presidantial race and to have any chance he needs to establish social media power, now let's imagine what would happen to DWAC stock price if he announced it on the very first post on this platform.
4. DWAC will likely to become a cult stock (if it isn't already) as almost half of USA stand by Donald. Similar to TSLA, which valuation scyrocketed in last year burning all shorts with it as people just believed in Elon alone.
Market profile perspective:
1. DWAC 08.12.2021 noted the highest volume post ipo and surged in few days out of 39-45 consilidation. This itself is bullish indicator.
2. We have now entered into upper value area 56-61 and still finding interest here - we can call it acceptance.
All things considered in my opinion we'll trade 70$ and 90$ realtively soon as stock is still very cheap. Stock is barely above 2bn valuation comparing to Twitter (34bn) this gives us some perspective.
PS:
One more clue: At the moment of Trump's twitter account ban he had almost 89mn followers while Twitter alone have 206mn active users.
I'm not a financial advisor and this is only my opinion about current stock situation.
Stay safe!
DWAC
DWAC1.21.22 DWAC: reading price action and discussing probabilities. ...............................
DWAC Part 21.19.22 DWAC Part 2 Part 2....Corrected a charting error. Talked about having a fairly objective, and repeatable charting analysis as well as a fairly good idea of your personality in order to recognize trade actions that are not compatible for your needs.
DWAC1.19.22 DWAC: Follow-up>>>market dynamics. I am planning some one-on-one work with one or both of my students and I talked a little bit about this.
DWAC Soaring!Shares of NASDAQ:DWAC , Donald Trump's media SPAC, have rallied off a Spike Alert on January 6th and were up 100% from the bottom. I'm looking at 92.47 as potential resistance.
DWAC Breakout LongPrice's getting closer to a strong limit level. After a fake breakout we didn't see an opposite impulse - good sign for a retest with possible breakout.
3 targets:
69.4 - 76.8 - 89.4
RANT ON DWAC (TRUMPCOIN) MEME STOCKS TSLA + SHIBMAGEDDONrant on ridiculous stocks, crypto, cult of personality, yadda ya...
DWAC Bitcoin Palladium 1.10.22 DWAC Bitcoin Palladium: This is a review and a follow-up on some of the things I suggested you look for on previous videos.
$DWAC IBS Squeeze set upInside bar squeeze super simple set up day one is the big move day 2 is the day thats down 50% ish then day 3 is the parabolic move
and playing options is the move on DWAC
NAS100 Fallout - Buyer BEWARE - Growth at all Costs is No MoreFed's balance sheet runoff is the story. Not covid. Not rates.
Buyer Beware. The massive call buying addictions will end badly. Unless it's calls of $UVXY for volatility. In that case... Boom.
this is all historic. ADAPT.
Volatility is the play. $VIX surge.
$DWAC big move on the way?On a astrological level we are crossing a portal right now we will see if the move happens today or next week, obviously we would want the move sooner sympathy names on watch as well
$CFVI,PHUN etc
$DWACWe believe that DWAC a stock which is related to trump has a possibility of gapping up $5/$10.
On the technical side the 4h chart , the MacD crossing to the upside of 51.73 holds 54.97 is the next target than 57.30
The contract that was purchased was a $55 call for $53 the stop loss would be 38 since the bid and ask was wide the stop loss would be around $30. If the price of the contract goes to $30 we will close this trade.
GIANT cup and handle!!! = To the Moon!!!DWAC is in the final stages of a textbook cup & handle formation.
Expect a big move in the next couple of weeks.
Confluence
Trading above the 50day & 7day EMA.
Entry
MACD Cross
Target
The Moon
DWAC Trump Media & Technology Group $1 billion investment If you haven`t bought it before the $180 pump:
or after the retracement and short term price target:
Then you should know that DWAC had received a $1 billion investment from a group of institutional investors.
Coincidentally or not, Saba Capital Management announced on Dec. 9 that it had purchased a stake in DWAC.
Now that Jack Dorsey has left Twitter, i think it`s a place left for a rival to compete in this area, TruthSocial!
My price target is the 103usd resistance. looking forward to read your opinion about it.
DWAC Mooning off the SpikeFollowing a spike low this week and a rocket off the fake out NASDAQ:DWAC is up bigly today. The jump rally created a good 50% Retracement Level that matched the top of the range.
In all honesty... the chart pattern looks like a typical pump fail. However, most pumped stocks have their second life at some point with a relief rally. This could be it.
I still hold my Donald Trump fun tickets!
AAPL DIAMOND TOP - PUTS - WAIT FOR CONFORMATIONAll,
I think we now can more easily see the AAPL diamond top. Need breaks of 164 to confirm, could spike few more times just keep an eye on it.
This is a great example of being slightly biased or you can do 1:1 calls/puts and hold them and drop the other. If this drops and bounces 164s could see bull move. Hard to do on AAPL at this price lots of people don't pay attention to real costs of AAPL once they do splits. Personalyl short AAPL in general. I think next ER is bad.
$DWAC #Short position under investigation by #SECit is under investigation by federal regulators who want to know about trading activity and communications centered around DWAC and the announcement of its plans to merge with Trump Media & Technology Group back in October.
After the deal was announced, Mr. Trump met with Digital World Chief Executive Patrick Orlando early this year and before the SPAC had raised money. If the meeting is deemed to have represented substantive deal talks, it could violate SEC rules. That is because SPACs aren’t supposed to have a target company identified at the time they initially raise money, analysts say.
It couldn’t be determined whether the SEC is specifically seeking information regarding Mr. Orlando’s meeting with Mr. Trump.
DWAC short term upside potentialIf you haven`t bought DWAC before the first pump:
The you should know that Jack Dorsey left Twitter and there is a place left for a new twitter in town.
Yesterday's surge followed a Reuters report that Trump Media & Technology Group is looking to raise up to $1 billion in additional funding. The venture's valuation would rise to nearly $3 billion, according to the report, up from a previous $875 million valuation, including debt.
I see a gap filling short term at 57usd and a medium term price target of 103usd.
Looking forward to read your opinion about it.
DWAC Epic Market On Close VolatilityInto the final minutes, $DWAC was trading at $39 a share at about 3:58pm. It then flushed to $36.69 by 3:59 only to reverse and close at $42.29 by 4pm. It hit a high of $59.39 before closing at $55.40 after hours. This is off of news that they have reached a fundraising target. With Jack gone and the recent distribution in names like $TWTR and $FB, is this a rotation into a competitor? Or is it a rotation from meme stocks such as $GME, $AMC, $CLOV, $BB, and $BBBY that have recently rolled over? Either way, this is nothing short of epic volatility.
DWAC11,25.21 Thanks Giving DWAC: Price Dynamics: Markets expand and contract. Probably going to move higher from here: I am not calling a trade...just reading the price action. ( I talked about gaps where the market had two sets of gaps...a gap higher and a gap lower >>>and failed to close BOTH gaps. This could help you to make trade decisions, but you should open a chart and work through it.
Buy In Opportunity for Possible Cypher?This one might need more consolidation time, although these newer positions have been known to have a fairly immediate pop, forming a cypher. Thoughts?
