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Trump Media & Technology Group Corp.

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DJT trade ideas

DJT at a Crossroads: Bullish Momentum or Potential Pullback?The DJT stock is showing signs of a potential trend reversal after a prolonged downtrend. For an extended period, the stock moved in a clear downward trajectory, forming lower highs and lower lows. Recently, however, a significant breakout above the downward trendline has occurred, accompanied by a noticeable increase in trading volume, signaling renewed buying interest. The price has established a strong support zone between 28.50 and 30.00, where it has shown stability and a sharp rebound. This zone highlights a key area of buyer activity, making it a crucial level to watch. On the upside, the levels of 66.42, 70, and 92.50 represent important resistance zones. The first at 66.42 may act as a near-term barrier, while 70 is a natural psychological resistance level and the next logical target. Finally, 92.50 serves as a long-term target if bullish momentum persists. Recent price action also reflects strategic liquidity plays. Liquidity was swept from the lows below 30.00, likely allowing for significant accumulation by institutional buyers. The subsequent price recovery above this level reinforces the potential for a sustained upward movement. Breaking and holding above 66.42 will confirm strength in the upward trend, potentially paving the way toward 70, and eventually 92.50, a key historical level. Additionally, moving averages are aligning toward a bullish crossover, further supporting the outlook for continued upward momentum. The recent increase in trading activity at current levels underscores growing market interest and confidence in the stock. Looking ahead, if the price remains above the 28.50–30.00 support zone , the next targets are 66.42, followed by 70, and finally 92.50 as the primary resistance levels. However, caution is warranted in the event of a break below 28.50, as this could lead to further downside toward 13.01. In conclusion, the stock is at a critical juncture. Monitoring price action and volume near key levels will be essential to confirm the next direction. Risk management remains paramount, especially when navigating strong support and resistance areas.
NASDAQ:DJT
by abulyan
1
TRUMP MEDIA STOCK ON THE RISETrump media stock has continued to rally after Trump made announcement on his truth social account that he maintains roughly 60% of DJT and will not sell his shares In the company. At Monday's closing level of around $33 a share, Trump media boasts a market cap of about 47.2 billion, giving the president elect a stake worth over $4.3 billion. The shares have been going up since trump victory and believe will continue going up. TECHNICALLY, there is a consolidation inside a falling wedge, breaking it will lead to bullish momentum. keep buying.
NASDAQ:DJTLong
by ForxTay
3
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
7
Trump Media Stock Update: Short-Term Opportunity?It’s essential to understand that recent volatility in Trump Media’s stock price is driven more by speculation surrounding Donald Trump’s potential election win than by the company’s own financials, reports, or fundamentals. The stock, which once peaked at $175 even without Trump in office, reflects the anticipation tied to his election campaign. Should he win, it could potentially bring even higher valuations. Currently, the stock has tumbled from around $54 to $30, a price that many now consider cheap. This sharp decline of nearly 44% might create a short-term buying opportunity for those who anticipate a rebound.
NASDAQ:DJTLong
by Charts_M7M
6
Bullish Long for DJTDJT's tremendous buying volume today pushed the stock price to $32.17 (+18.43%). A golden cross formed on the hourly chart on October 8th, and if DJT keeps its bullish momentum, a golden cross will likely form on the 4-hour chart in the next few days. The weekly chart shows that October holds the strongest buying volume for the year. This should help DJT play at a higher value. Fundamental Analysis—The surge is likely due to interest and support for Trump's upcoming presidency. This is what happened in March 2024. DJT's value rose due to the loyal base of Trump supporters. Analysts labeled DJT as a meme stock, trading more on social media buzz than traditional financial metrics. Knowing these fundamental analytics, I believe DJT will find great value and performance depending on a Trump victory.
NASDAQ:DJTLong
by LOWCO_487
DJT (Trump Media Technology Group Corp) Nov. 12, 20241-Hour Chart Analysis: The stock is currently trading at $31.92, sitting just above the $31.90 bid price level, suggesting potential consolidation in the near term. There’s a downward channel forming, with the upper trendline acting as a strong resistance, and a descending support line providing a potential floor around $25.58. 🔍 Key Technical Levels: Resistance Levels: Primary Resistance: $35.26 (strong overhead supply zone; previous rejection area) Secondary Resistance: $41.71 (pivot level where momentum shifted bearish previously) Support Levels: Primary Support: $31.00 (current price action zone; potential intraday bounce level) Secondary Support: $25.58 (critical level; a breakdown here could lead to accelerated selling) 📈 Indicators Analysis: MACD: The MACD line is attempting a bullish crossover but is currently flat, suggesting indecision. A strong crossover would signal a potential shift in momentum. Volume: Volume appears to be tapering off compared to earlier in the month, indicating weakening conviction among buyers. A volume spike would be necessary for a significant breakout or breakdown. Moving Averages: The price is sitting below both the 9-EMA and the 21-EMA, which are sloping downward, reinforcing bearish momentum. 💡 Trade Ideas: Bullish Scenario: Look for a breakout above the $35.26 resistance. If confirmed with volume, the next target could be around $41.71. A sustained move above this level would indicate a reversal and potential uptrend. Bearish Scenario: Watch for a rejection at the $35.00 level and a failure to hold the $31.00 support. A breakdown below $31 could lead to a sharp sell-off towards the $25.58 support. 💬 Trading Suggestion: Given the downward channel, consider shorting near the upper trendline with a stop above $36. For a long position, look for confirmation of support at $31 with a tight stop-loss. Monitor the MACD closely for confirmation of direction as the histogram shows decreasing selling pressure, which could indicate an upcoming reversal if the crossover occurs. 🔔 Short Disclaimer: This analysis is provided for educational purposes only. Please conduct your own research and use this information as a supplement to your trading strategy.
NASDAQ:DJT
by BullBear-Insights
Trump Media on the Move: Will We See $62 or a Bigger Reset?Alright, trading family, let’s talk about what’s brewing with Trump Media Group (DJT). Here’s what I’m seeing: 1️⃣ Scenario 1: If we close above $34.52 on the 4-hour chart, we could see a strong push up to $42, $51, $62, and maybe beyond. 2️⃣ Scenario 2: A pullback to $28.94–$28 could set the stage for a bounce back up to those same zones. 3️⃣ Scenario 3: If we break below $25.41, we might head down to the $17–$20 range before finding support and potentially pushing back up. Stay patient, let the price action guide you, and remember—it’s all about riding the waves the market gives you. Always trade what you see, not what you think! Mindbloome Trading/ Kris
NASDAQ:DJT
by Mindbloome-Trading
DJTThe DJT stock made a strong upward move, breaking through the descending trendline shown in the chart around $28. It completed Wave 1 at $54.5 and then rose to a strong supply zone that we had previously warned about as the reason for the decline in the previous post, marking Wave A. It then dropped in a corrective move to the demand zone we had mentioned earlier and has now risen strongly in Wave B. Currently, we are in Wave C.We are now waiting for a strong buying zone, a cluster formed by the intersection of the descending trendline, the demand zone, and the completion of a harmonic buying pattern, which lies between $20.94 and $18.54(PRICE ACTION). The stop loss is set at a weekly close below $17. Our target is Wave 3, aiming for a breakout above the last peak at $54 Tthen 80$. This is the bullish scenario. The bearish scenario would be triggered by a weekly close below $17, but this possibility remains unlikely for now.
NASDAQ:DJTLong
by IbrahimTarek
2
DJTThe DJT stock has broken the key support level of $12.34 and has risen to test the broken ascending channel and the supply zone from which it has previously declined multiple times. It is natural to expect a strong drop from this zone. We anticipate a decline towards the demand area, potentially with corrective movements during the descent or a direct drop. Once we reach the demand zone, we will update the chart and wait for entry signals or a breakout to form a new bottom.
NASDAQ:DJTShort
by IbrahimTarek
4
Trump wins? $DJT to fall into election, then rally after?I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win. We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls. To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election. Let's see how it plays out over the next week.
NASDAQ:DJTLong
by benjihyam
21
DJT bounce @ $28.15 to $38.28MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. IF price reaches $28.15... (set your limit order) DJT would be at bottom of 3 channels (period 52 39 & 26) sloping upward Stochastic Momentum Index (SMI) near oversold level VBSM remains positive Price at near Fibonacci level of 0.382 In at $28.15 Target is $38.28 or channel top Stop loss is $27.15 price COULD drop to $20 (52 period channel) or $6.50 (100 period channel), if there's no bounce
NASDAQ:DJTLong
by chancethepug
2
DJT - Parabolic Move IncomingPolitics aside, NASDAQ:DJT is about to begin the most insane of rallies. This chart for me is as clean as they come! Recent Price Action The last 2 days of October saw a ~45% correction, completing an Elliott Wave 2 correction. This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat. Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. Over-shooting below it even, which is one of my most favourite bullish chart patterns. After breaking out of that, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey lines)... but when it does so it will also complete a massive Cup & Handle formation (white arrows). Future Price Targets The initial target (T1) from this move would be $570 (18x) in a very short period, perhaps even just 2 months. This would coincide with the 1.414 fibonacci level from the previous introduction of this stock (formerly DWAC) to public markets. Thereafter, an extended 5th wave target of $1,030 (33x) could be reached somewhere between early February and late May 2025. This coincides with the 1.618 fibonacci level (darker blue T2 line). Price as of today has back-tested the red horizontal line, in very quick fashion. This is the 0.382 fibonacci level. Next Up... Price may well end-up sideways on Monday and going into Tuesday's pivotal election day - which may allow the RSI to come back a little more to the mid 40s on this timeframe, to retest the RSI bull zone for support. From there I expect late Tuesday early Wednesday NASDAQ:DJT will have had a sufficient amount of time to cool-off - such that we can call the completion of a Wave 2 correction. Before the hugely exciting 3rd & 5th waves await us. Possible Elliott Waves Wave 1 - $12 to $55 Wave 2 - $55 to $30 Wave 3 - $30 to $570 Wave 4 - $570 to $140 Wave 5 - $140 to $1,030 Sounds ridiculous, right? Short squeeze, or election euphoria - call it what you want. But if you thought you'd seen NASDAQ:DJT volatility in recent days, think again. This is an incredible opportunity - with many many patterns aligning. NASDAQ:DJT has a lot of room to the upside still from here. Not sure this stock can any longer be suppressed.
NASDAQ:DJTLong
by DigiDavid
20
DJT doesn't go much higherMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at top or near top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is peak positive Price at near Fibonacci level In at $34.27 Target is channel bottom Stop loss is $34.27
NASDAQ:DJTShort
by chancethepug
1
Trump Stock DJT Has Had a Wild Week. What Does Its Chart Say?Former President Donald Trump’s Trump Media & Technology Group NASDAQ:DJT has been all over the map this week as we head toward Election Day, up 20% one day and down 10% the next. Let’s check out its technical and fundamentals. Trump Media & Technology’s Fundamental Analysis DJT -- parent firm of Trump’s Truth Social social-media site and other assets -- has publicly traded for about seven months now since going public via a merger with a special purpose acquisition company. Wall Street expects DJT to report quarterly earnings around Nov. 8, but I personally don't think prospects for what the firm releases that day are having much to do with how the stock has been trading. I don't know of any sell-side analysts who cover the stock, so there are no earnings estimates that I’m aware of. In terms of recent fundamentals, DJT posted a $0.10 GAAP net loss per share for its June quarter on about $800,000 of revenue. Operating cash flow printed at a negative $21.4 million, but that cash burn appears to be of little concern to DJT given that the company’s balance sheet appears to be in good shape. DJT had $344 million of cash on hand and $353.5 million of current assets as of June 30. Current liabilities added up to $14.3 million for a current ratio of 24.72. You know what’s traditionally good enough to pass muster with many investors? A current ratio of 1.0. In other words, Trump Media appears to have an incredibly strong balance sheet for a business of its size (i.e., very small). In addition, there’s no debt on the firm's balance sheet. So, if fundamentals don’t move the stock, what does? First, it seems like shares rise or fall on any headline regarding the former president and his prospects for winning back his old job in next week’s election. Second, I suspect that today’s algorithms are designed to force an overshoot up or down for any stock where that can be done – and DJT certainly seems like such a stock. DJT’s Technical Analysis Now let’s look at Trump Media’s six-month chart through midday Thursday (Oct. 31): Readers can see that DJT broke out in mid-September from a so-called “falling wedge,” which is historically a pattern of bullish reversal. The stock bottomed at $11.75 and broke through both its 50-Day Simple Moving Average (or “SMA,” denoted by the blue line above) and its 200-Day SMA (the red line above) like a hot knife through butter. In cases like this, many investors will use a stock’s 200-Day SMA as a pivot point, as the 200-day line is senior to the 50-day line. And in this case, the 200-Day SMA has a higher price level -- $35.80 for the 200-day line vs. $22.80 for the 50-day one. At the time that DJT cracked the 200-Day SMA, it stood close to the $35 level. Hence, $35 appears to have become the stock’s potential pivot point. Meanwhile, DJT’s Relative Strength Index (the gray line at the chart’s top) is narrowing, but was still sending a somewhat strong signal of about 56 as of Thursday afternoon. Separately, the stock’s daily Moving Average Convergence Divergence index (or “MACD,” denoted by the black and gold lines and blue bars at the chart’s bottom) looks historically very bullish. The histogram of Trump Media’s 9-Day Exponential Moving Average (or “EMA,” denoted by the blue bars above) has been well above zero for more than a month now. Meanwhile, the stock’s 12-Day EMA (the black line above) is running above DJT’s 26-Day EMA (the gold line). That’s all typically bullish. Still, DJT’s chart as a whole is telling me that technically speaking, the stock is close to fairly priced based on its recent $35 pivot point. (Shares were trading at $36 on Thursday afternoon as I wrote this.) However, there are a few days to go before this election cycle closes, and a new pivot to the upside formed at Wednesday’s intraday high of $54.68. The downside pivot is now DJT’s old upside pivot of about $35 (its 200-day SMA). Crack that line and help could potentially next show up for the stock at its 21-Day EMA and 50-Day SMA. (Stephen “Sarge” Guilfoyle is Moomoo Technologies Inc.’s markets commentator. At the time of this writing, he had no position in DJT.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. 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NASDAQ:DJT
by moomoo
1